<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>

<strong>DATE: Monday 22nd September 2014
REF: #93</strong>

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<ol>
	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>
</ol>
Before starting off a new week, I would like to welcome new subscribers from the weekend.

I had a couple of interesting pieces of feedback following what some people described as my “DOOM &amp; GLOOM report” aka the WEEKLY FX DRIVE THRU dated Saturday 20<sup>th</sup> September 2014.

I loved the feedback but I would not describe it as DOOM &amp; GLOOM more of a realistic opinion on what I am looking at chart wise and what is developing fundamentally. Only time will tell whether I am correct or partially correct. All I will say is that we have a unique economic situation in the world when the FED and BOE are raising interest rates sooner rather than later and the ECB and BOJ will be are loosening for some considerable amount of time. Whilst we have this, moves can be very large and exaggerated. I think it was “Goldman” that released a report yesterday stating that by 2017 the EUR/USD would be at parity. Now that is what I call a brave shout!! I have not seen the full article, just a note on twitter, I want to read this later…. but a very interesting call indeed.

I think today will be a slow day; we will be reliant on equities giving us volatility after Draghi struts his stuff is an hour or so.

The Commodity currencies look under some threat today at the moment. As I tweeted earlier, GOLD, OIL &amp; COPPER all lower along with many of the world’s bourses ahead of the U.S. open.

Maybe “DOOM &amp; GLOOM” starts today?

I have 6 live trades at the moment and as you know already I am looking to add to these trades rather than adding many new trades.

There are also 3 limit order trades not yet triggered. This is probably my risk limit I feel comfortable with at the moment.

<strong> </strong>
<ol start="2">
	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>
</ol>
EUR: - Draghi speaks.
CNY: - HSBC Flash Manufacturing PMi.

<strong> </strong><strong> </strong>
<ol start="3">
	<li><strong> EXISTING LIVE TRADES:</strong></li>
</ol>
RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.0800
Limit at 1.1550
Present Price: 1.0935
Current Profit / Loss Position: -265 pips
(This pair is hedged from -125 pips)

RT156
EUR/USD
Short
Entry at 1.2880
Stop Loss at 1.2980
Limit at 1.2650
Present Position: 1.2842
Current Profit / Loss Position: +38 pips

RT157
NZD/USD
Short
Entry at 0.8120
Stop Loss at 0.8180
Limit at 0.7600
Present Position: 0.8113
Current Profit / Loss Position: +7 pips

RT158
AUD/USD
Short at 0.8990
Stop Loss at 0.9050
Limit at 0.8600
Present Position: 0.8872
Current Profit / Loss Position: +118 pips

RT159
USD/CHF
Long at 0.9350
Stop Loss at 0.9290
Limit at 0.9580
Present Position: 0.9398
Current Profit / Loss Position: +38 pips

RT160
GBP/USD
Short from 1.6350
Stop at 1.6420
Limit 1.6000
Present Position: 1.6334
Current Profit / Loss Position: +16 pips<strong> </strong>

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<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
</ol>
RT161
USD/JPY
Long at 108.60
Stop at 108.00
Limit: 110.60<strong> </strong>

RT162
USD/NOK
Long at 6.3320
Stop at 6.2900
Limit: 6.4550<strong> </strong>

RT163
USD/SEK
Long at 7.1000
Stop at 7.0500
Limit: 7.3600

<strong> </strong>
<ol start="5">
	<li><strong> FINAL THOUGHTS:</strong></li>
</ol>
I think it will be slow maybe a consolidating day but be prepared we could see some big moves. If U.S. equities start to pull back and DXY rallies and breaks…..you just never know.

<strong> </strong>
<ol start="6">
	<li><strong> DISCLAIMER:</strong></li>
</ol>
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.

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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