<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: Wednesday 24th September 2014
REF: #95</strong>

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<ol>
	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>
</ol>
Welcome to the two new subscribers from yesterday.

Very slow overnight sessions from my perspective in Asia and Europe (so far). Not really much to shout about volatility looks low and I think we are still in consolidation mode after last week’s good moves. My directional move on the back of equities falling back has not yet happened but do not rule this out taking us by surprise. Before I could write about it, it could already be happening in front of our eyes on our screens.

Commodities are heavy and the commodity currencies are heavy… regular followers over the past three years will know the next line off by heart…”COMMODITIES LEAD THE WAY AND THEN REST OF THE MARKETS FOLLOW…IT’S ALL ABOUT COMMODITIES FIRST” I think that I have pretty much the same words five or six times a year for three plus years.

Today, we have New Home Sales data releasing in the U.S. From my perspective this may help me trigger some limit orders and housing data from the U.S. is usually so poor it normally comes with a weaker USD and a rally in equities. I have my fingers crossed that it does the same today.

I have a few limit orders in position. I have amended some pricing on these so it you are mirroring my trades, take note. My TRADE PLAN yesterday got a little screwed up but great $$$ were banked. Being flexible in approach is good without chasing trades in my opinion. I am though looking at the USD index (DXY) and we are so close to breaking out and I may have to chase to some extent.

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<ol start="2">
	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>
</ol>
USD: - New Home Sales.

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

RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.0800
Limit at 1.1550
Present Price: 1.1007
Current Profit / Loss Position: -193 pips.
(This pair is hedged from -125 pips)

RT160
GBP/USD
Short from 1.6350
Stop at 1.6450
Limit 1.6000
Present Position: 1.6400
Current Profit / Loss Position: -50 pips.

RT165
AUD/USD
Short
Short at 0.8880
Stop at 0.8950
Limit: 0.8500
Present Position: 0.8871
Current Profit / Loss Position: +9 pips.

<strong> </strong><strong> </strong>

<strong>FLASH TRADES:</strong>

None LIVE at this time.<strong> </strong>

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<strong>FUNDAMENTAL TRADES:</strong>

None LIVE at this time.

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<strong> </strong>
<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
</ol>
RT163
USD/SEK
Long at 7.1000
Stop at 7.0500
Limit: 7.3600

RT164
NZD/USD
Short at 0.8098
Stop at 0.8228
Limit at 0.7474

RT166
EUR/USD
Short at 1.2880
Stop at 1.2950
Limit at 1.2650

RT167
USD/CAD - (NOTE REVISED PRICING)
Long at 1.1050
Stop at 1.0980
Limit 1.1370

RT168
USD/CHF - (NOTE REVISED PRICING)
Long at 0.9370
Stop at 0.9330
Limit at 0.9580

<strong> </strong>
<ol start="5">
	<li><strong> FINAL THOUGHTS:</strong></li>
</ol>
Later this morning I am travelling to Saratoga Springs NY, for a couple of meetings and I will be away from home until the weekend.

I will be on the Internet via email for questions but as a result of this trip there will not be another DAILY FX POST until next Monday September 29<sup>th</sup>.

I will be on twitter when I have the opportunities.

Take care with trades and good luck… be wary of false breakouts.

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Scott Pickering
The Pip Accumulator
<a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>
Twitter: @ThePremService
Email: premiumserice@weeklyfxdrivethru.com

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<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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