<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: Monday 29th September 2014
REF: #96</strong>

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<ol>
	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>
</ol>
First off, welcome to the new subscribers from over the weekend and re-subscribing subscribers.

The big FX news is obviously about the RBNZ. They announced that in August they intervened in the currency markets to help lower the NZD value. Over $500 million was used and whilst this is not a sizeable amount by FX standards it does show intent. Furthermore, John Key NZ Prime Minister has stated that he sees the fair value for the NZD/USD at around 0.6500. So, there is the target.

Apart from beating myself up about exiting NZD/USD short and GBP/NZD long trades on Friday and missing out on about another 500+ pips, I am in great shape! The AUD/NZD (RT143) is now profitable and I have added to my position size.

Overnight, I have been focused on re-entering trades on the back of USD strength, which is still there. There may not be as much of a consolidation as I was thinking that there would be and so I could still be trading several trades in September.

It has been relatively quiet from an FX perspective outside of NZD moves and there are no market moving news events until tonight with ANZ Business Confidence and Chinese HSBC Final Manufacturing PMi data.

I have placed several LIMIT ORDERS with brokers and I am NOT confident that all will trigger today. So it will be all about being patient and allowing the trades to flex and hopefully they will come to my levels for entry. I am expecting a consolidation after some large recent moves and therefore these LIMIT ORDER trades could be negative a little allowing me to add to my opening position size.

<strong> </strong>

<strong> </strong>
<ol start="2">
	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>
</ol>
NZD: - ANZ Business Confidence.
CNY: - HSBC Final Manufacturing PMi.

GBP : Current Account
EUR: CPi Flash Estimate.
<strong> </strong>
<ol start="3">
	<li><strong> EXISTING LIVE TRADES:</strong></li>
</ol>
&nbsp;

<strong>RADAR TRADES:</strong>

RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.0800
Limit at 1.1550
Price Now: 1.1216
Current Profit / Loss Position: +16 pips.

RT174
AUD/USD
Short
Short at 0.8735
Stop at 0.8780
Limit: 0.8000
Price Now: 0.8726
Current Profit / Loss Position: +9 pips.

RT170
GBP/USD
Short at 1.6250
Stop at 1.6340
Limit at 1.5870
Price Now: 1.6244
Current Profit / Loss Position: +6 pips

RT175
NZD/USD
Short at 0.7780
Stop at 0.7860 ------ <span style="text-decoration: underline;"><strong>(PLEASE NOTE REVISED STOP LOSS LEVEL)</strong></span>
Limit 0.6580
Price Now: 0.7799
Current Profit / Loss Position: +1 pip

<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.

<strong> </strong><strong> </strong>
<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
</ol>
&nbsp;

RT171
EUR/USD
Short at 1.2760
Stop at 1.2840
Limit 1.2000

RT172
USD/CHF
Long at 0.9480
Stop at 0.9430
Limit at 0.9750

RT173
USD/CAD
Long at 1.1130
Stop at 1.1080
Limit 1.1540

RT176
NZD/JPY
Short at 85.22
Stop at 95.92
Limit 75.00

RT177
NZD/CHF
Short at 0.7399
Stop At 0.7495
Limit at 0.7000

RT178
NZD/CAD
Short at 0.8690
Stop at 0.9785
Limit 0.8000

<strong> </strong><strong> </strong>
<ol start="5">
	<li><strong> FINAL THOUGHTS:</strong></li>
</ol>
I have quite a few trade set-ups in position. I have one or two more but I may not add these until later.

Thanks for the emails this morning.

Good Luck.

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.

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