<h2 style="text-align: center;"><strong>THE DAILY FX POST
from
THE PREMIUM SERVICE</strong></h2>
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<h3 style="text-align: center;"><strong>DATE: Monday 8th December 2014
REF: #139</strong></h3>
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<h3><strong> OVERVIEW – INITIAL THOUGHTS:</strong></h3>
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After a blow out NFP number the strength of the USD blew through the markets and continued at the Asian open last night.

Poor China data added to the woes of the AUD and NZD, but Japans data left traders wondering and only the JPY failed to weaken against the strength of the USD.

I took some profits last night, if you recall on at least two very recent occasions I failed to take some $$ off the table on a Sunday night Asian open, only to regret it later and move into a “Woulda, coulda shoulda” mode of mind.

Now I am looking to establish some new entries.

Oil and Copper are both lower this morning, Gold is up but not above $1,200. The European bourses are lower and pre-market in the U.S. likewise.

I am looking at several pairs for entries and as we are seeing are seeing some pullbacks at the moment. I would like deeper pullbacks to give the best price possible to sell into the strength.

I may not get what I want as the USD (DXY) strength is very overwhelming at the moment, it just seems to be similar to a runaway train, which, brings with it a whole new batch of concerns should it continue unchecked.

Check twitter for trade updates.

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<h3><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></h3>
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CAD: - Building Permits.
AUD: - NAB Business Confidence.

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

There are currently 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: 1.2023
Current Profit / Loss Position: -17 pips

FT251
EUR/USD
Short at 1.2291
Stop at: 1.2420
Limit at: 1.1860
Price Now: 1.2267
Current Profit / Loss Position: +24 pips

FT251
USD/CHF
Long at: 0.9776
Stop at: 0.9680
Limit at: 1.0000
Price Now: 0.9799
Current Profit / Loss Position: +23 pips

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<strong>FUNDAMENTAL TRADES:</strong>

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

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<h3><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></h3>
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I have no LIMIT ORDERS with brokers at this point in time.

&nbsp;

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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