<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>

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<strong>DATE: Wednesday 1<sup>st</sup> October 2014
REF: #98</strong>

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<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
First of all welcome to new members overnight. The release yesterday of the PREMIUM SERVICE SUMMARY year to date has created a lot of enquiries and subscriptions.

Here’s a picture to put you off food for a while…. I am a naked trader…well virtually only one LIVE trade (RT143) AUD/NZD long trade sitting just below my entry level from over a month ago. Being out of trades does not bother me, some of my best trades were the ones that never triggered for whatever reason or I missed due to sleep.

The ECB meeting tomorrow could be a strange one. Draghi has been challenged over going beyond his mandate and although there are massive calls for the ECB to introduce QE, I am not sure what the hell the guy can buy in massive quantities to satisfy the markets. The upshot is that I do not want to even look at anything with EUR a primary or secondary currency. At the back of my mind is also the fact that if Draghi does nothing, and lets face facts he’s a master at that the USD may bounce off highs allowing us better priced entries to go back into trades with the momentum of USD strength.

Only commodity currency trades are interesting me at the moment (AUD, NZD, CAD &amp; NOK).

Why you may ask?

“The Holy Trinity” – Gold, Oil and Copper are all at the precipice of a major leg lower. This will take the AUD, NZD and CAD to new levels whether you believe them to be currently oversold or overbought…. it’s irrelevant in this instance.

I am now pinching myself badly that I did not short the AUD/USD at 0.8750 and the NZD/USD at 0.7820 last night.

It would be very easy just to put these out as levels for limit orders. Today unfortunately is a FLASH TRADE day given the news on the agenda. If I am going to enter trades it will be I think via FLASH TRADES.

I will however place three limit orders in place with the AUD/USD, NZD/USD and USD/CAD based on my range parameters. I may cancel them ahead of NFP, but I will advise should that be the case.

So guys, you will have to be on twitter alert and I apologize in advance to my group of subscribers who are not interested in the twitter feed. I may NOT even trade but should I choose to do so it will be via twitter with FLASH trades.

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<ol start="2">
	<li><span style="font-size: 12pt;"><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></span></li>
</ol>
USD: - ADP Non-Farm Employment Change.
USD: - ISM Manufacturing PMi.

AUD: - Building Approvals and Trade Balance.

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

RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.0800
Limit at 1.1550
Price Now: 1.1160
Current Profit / Loss Position: -40 pips.
(Hedge will be placed at -100 pips if required)<strong> </strong>

<strong>FLASH TRADES:</strong>

None LIVE at this time.

<strong>FUNDAMENTAL TRADES:</strong>

None LIVE at this time.<strong> </strong>

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<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
RT179
NZD/USD
Short at 0.7820
Stop Loss at 0.7870
Limit at 0.6580

RT180
AUD/USD
Short at 0.8750
Stop Loss at 0.8820
Limit at 0.8000

RT181
USD/CAD
Long from 1.1175
Stop Loss at 1.1130
Limit at 1.1570

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<ol start="5">
	<li><span style="font-size: 12pt;"><strong> FINAL THOUGHTS:</strong></span></li>
</ol>
Be careful today. ECB is a big one tomorrow and there could be volatility this morning in the North American session that just dries up in a snap. Do not fall for being caught on the wrong side.

There are big news events over the next three days. Therefore, the next few days maybe the time to stay in cash and be sidelined from the market. If you are very new to trading, it is NO shame to sit on the sidelines.

Take care and 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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