<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: Wednesday 5<sup>th</sup> November 2014
REF: #121</strong>

&nbsp;
<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
I got it all wrong on the NZD/USD yesterday. After the good Employment data it looked to me once above 0.7820 that a run towards 0.7910 was on the cards. In fact, the Daily chart was showing a bullish pattern.

The USD (DXY) ripped overnight after the Republican victories in the U.S. elections and this is my only thought as to why the NZD/USD fell from 0.7840 highs to 0.7725 lows. The USD ripped across the board. The USD/JPY took out 114.50 and the USD/CAD 1.1450 .

The USD (DXY) is now at new highs once again. (see chart below)

What now…what is my plan?

I am still a USD bull and everything that I do over the next few days does not alter my FUNDAMENTAL views because fundamentally nothing has changed. We have ADP, ECB and NFP all three of them big news items on the horizon.

My objective over the next three days and Monday next week is as follows: -
<ul>
	<li>MANAGE RISK EXPOSURE 100% protect my broker account balances, by eliminating trades that are none performing.</li>
	<li>Bank $$$ and move stops to either break even or to a protected stop position.</li>
	<li>Review limit order entry settings and cancel if required. (this, I will be doing today).</li>
</ul>
&nbsp;

Looking around, GOLD is breaking down; it is now below the 61.8% retracement level on my monthly chart, silver is with it in sympathy and this is helping USD strength across the board.

UK Services PMi was not as strong as expected. Bear in mind 75% of the UK economy is service based. This really makes Carney’s speech at the Lord Mayor Mansion House event a few months back completely out of touch with reality. In my opinion this really shows him for what he is. Take him out of sleepy Canada and place him with a major currency…it’s like a fish out water.

Therefore to sum up; my plan is to bolt down profits and be as RISK FREE as possible into the big news items.

There will be NO …DAILY FX tomorrow or Friday due to the news events and timings involved getting the DAILY FX POST posted.

ALL thoughts and trade set-ups etc will be via twitter @ThePremService

<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: - ADP Non-Farm Employment change and ISM Non-Manufacturing PMi.

AUD: - Employment Change &amp; Rate.

GBP: - Manufacturing Production, Asset Purchase Facility and Bank Rate.
EUR: - Interest Rates and Press Conference.

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

RT200
EUR/USD
Short at 1.2515
Stop at 1.2620
Limit at 1.2100
Price now 1.2481
Current Profit / Loss Position +34 pips

RT203
USD/CHF
Long at 0.9610
Stop at 0.0.9540
Limit at 0.9850
Price now 0.9650
Current Profit / Loss Position +40 pips

<strong>FLASH TRADES:</strong>

FT229
AUD/USD
Short at 0.8720
Stop at 0.8660 (protected stop in place $$ already taken)
Limit at 0.8000
Price now 0.8616
Current Profit / Loss Position +109 pips

FT230
EUR/CHF
Long at 1.2040
Stop at 1.1980
Limit at 1.2500
Price now 1.2038
Current Profit / Loss Position -2 pips

<strong>FUNDAMENTAL TRADES:</strong>

FUN62
EUR/NZD
Long at 1.6030
Stop at 1.6050 (Now a protected stop, $$ already taken)
Limit at 1.7250
Price now 1.6133
Current Profit / Loss Position +103 pips

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
RT201
GBP/USD
Short at 1.6040
Stop at 1.6150
Limit at 1.5460

FUN61
GBP/NZD
Long at 2.0250
Stop at 1.9800
Limit at 2.1050

FUN64
EUR/AUD
Long at 1.4220
Stop at 1.3950
Limit at 1.4970

FUN65
GBP/AUD
Long at 1.8250
Stop at 1.7900
Limit at 1.9200

To remind you there will be no DAILY FX POST tomorrow or Friday, you will need to check out twitter for update on trades/ thoughts/ potential and actual set-ups.

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.

&nbsp;