<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>

&nbsp;

<strong>DATE: Thursday 13th November 2014
REF: #125</strong>

&nbsp;
<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
Comments from Christopher Kent the deputy RBA Governor created a little movement overnight with the AUD. He talked about direct intervention in the currency markets, in the sense that “Nothing was ruled out”. The caused the AUD/USD to fall but it bounced back and has now pushed higher towards 0.8760. It took the NZD/USD with it.

In addition, I think we had some cross-rate influences as well with the GBP/AUD and GBP/NZD falling below 1.8100 and 2.0000.

This is a key day for me. The USD (DXY) should move higher through 88.00 today. It is currently in a continuation pennant pattern, which would usually show an upside move.

Equity markets in Europe and futures in the U.S. are all green…. Oil is lower, and Gold and Copper are higher.

I am going to be careful today with the AUD and NZD trades. If equities stay strong, I will have to exit a lot of trades and re-enter again at higher levels. The positions are really small for me; they are less than 20% of my full position sizes that would usually be traded. Therefore, financially I am well within my RISK TOLERANCE and RISK MANAGEMENT limits.

<strong> </strong>
<ol start="2">
	<li><span style="font-size: 12pt;"><strong> KEY NEWS EVENTS NEXT 24 hours (BASED UPON (NYC) EDT TIME:</strong></span></li>
</ol>
USD: - Unemployment Claims.
<ol start="3">
	<li><span style="font-size: 12pt;"><strong> EXISTING LIVE TRADES:</strong></span></li>
</ol>
<strong>RADAR TRADES:
</strong>

RT211
AUD/USD
Short at 0.8700
Stop at 0.8780
Limit at 0.8000
Price now 0.8748
Current Profit / Loss Position -48 pips

RT212
USD/JPY
Long at 115.50
Stop Loss at: 114.85
Limit at: 120.00
Price Now: 115.55
Current Profit / Loss Position +5 pips

RT213
NZD/USD
Short at 0.7890
Stop at 0.7950
Limit at 0.7000
Price now 0.7905
Current Profit / Loss Position -15 pips

<strong> </strong>

<strong>FLASH TRADES:</strong>

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1920
Limit at 1.2500
Price now 1.2016
Current Profit / Loss Position -24 pips

FT239
EUR/USD
Short at 1.2465
Stop at 1.2525
Limit at 1.2100
Price now 1.2458
Current Profit / Loss Position +7 pips

FT240
GBP/USD
Short at 1.5761
Stop at 1.5820
Limit at 1.5450
Price now 1.5743
Current Profit / Loss Position +18 pips

FT241
AUD/USD
Short at 0.8750
Stop at 0.8820
Limit at 0.8500
Price now 0.8748
Current Profit / Loss Position +2 pips

FT242
NZD/USD
Short at 0.7920
Stop at 0.7960
Limit at 0.7400
Price now 0.7905
Current Profit / Loss Position +15 pips

<strong>FUNDAMENTAL TRADES:</strong>

FUN66
GBP/AUD
Long at 1.8520
Stop at 1.8150
Limit at 1.9200
Price now 1.7950
Current Profit / Loss Position -570 pips
(This trade is hedged from -100 pips)

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
I have no trades lodged with my brokers at this time.

&nbsp;

Good luck today.

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