<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: Monday 11<sup>th</sup> October 2014
REF: #105</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
At the open yesterday, we saw some continued USD strength for a short while followed by a turnaround and this weakness in the USD has continued through to now.

Is the USD bullish run over?

In my opinion, no it is not. This weakness in the USD is merely, in my opinion, a technical style move to re-test the breakdown points on the equity charts.

Up until late last week the USD followed equities up or down, but in particular late last week (Friday, I think), the realization of a larger pullback than 5% suddenly hit the market and there was a realization that the pullback may be larger. The USD strengthened as equities sold off. This is key for me.

I think that we have to remember the markets have moved a great distance and we have to have consolidation to work off the oversold conditions. The damage has to a large extent been done. But I do expect that these pullback moves in equities will be sold into. As soon as equities start to roll over that will be my time to look to re-enter long on the USD on the numerous set-ups that I featured in last weekend’s WEEKLY FX DRIVE THRU.

Crude continues to move lower, which is continuing to weaken the CAD pairs.

In addition to the CAD pairs as/ should equities roll over I will be looking at the commodity cross-rates in detail.

Japan, Canada and the U.S. all have holidays today, so this liquidity issues is also on my mind. This is an extra level of caution to bear in mind.

<strong> </strong>
<ol start="2">
	<li><span style="font-size: 12pt;"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>
</ol>
AUD: - Business Confidence.

<strong> </strong>
<ol start="3">
	<li><span style="font-size: 12pt;"><strong> EXISTING LIVE TRADES:</strong></span></li>
</ol>
&nbsp;

<strong>RADAR TRADES:</strong>
No LIVE RADAR TRADES at the present time.

<strong> </strong>

<strong>FLASH TRADES:</strong>

FT190
NZD/USD
Short at 0.7793
Stop at 0.8050
Limit at 0.6580
Price Now: 0.7884
Current Profit / Loss Position: -93 pips

FT191
AUD/USD
Short at 0.8709
Stop at 0.9100
Limit at 0.8000
Price Now: 0.8770
Current Profit / Loss Position: -61 pips

<strong> </strong>

<strong>FUNDAMENTAL TRADES:</strong>

FUN44
GBP/NZD
Long at 2.0507
Stop at 2.0000
Limit at 2.3200
Price Now: 2.0424
Current Profit / Loss Position: -83 pips

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
&nbsp;

I have no LIMIT or STOP orders with any brokers at the present time.

<strong> </strong>
<ol start="5">
	<li><span style="font-size: 12pt;"><strong> FINAL THOUGHTS:</strong></span></li>
</ol>
It will be a slow day today with all the national holidays. I will have initial trade set-ups in about 30-45 minutes and I will be on twitter to advise you of additional thoughts/actions as the day unfolds.

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.