<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: Friday 24th October 2014
REF: #114</strong>

&nbsp;
<ol>
	<li><span style="font-size: 12pt;"><strong> OVERVIEW – INITIAL THOUGHTS:</strong></span></li>
</ol>
One or two comments have been received about PLAN A and my closing off several trades. PLAN A is still alive. I am just profit taking along the way.

Earlier this month I let over 600 pips of profit walk out of the door because I was letting trades breathe. There is nothing wrong with that but they took in oxygen and I let over $3,000 walk.

Therefore PLAN A is still very much alive and there are thousands of pips available so to lose a hundred (for arguments sake) on exiting and re-entering trades is neither here or there as far as I am concerned.

Today is the end of the trading week; we have had an Ebola alert in NYC. Yesterday after the case was confirmed the Dow spilled 100 points. I see not a lot of action today and with it being a Friday, I think that the Friday feeling will roll in around the European markets close.

I am a little concerned with the price action in the commodity currencies as we chop around and consolidate. I was hoping for a more decisive move lower, but geopolitical concerns and the breadth of the moves of late will create periods of consolidation.

I am not expecting to add further trades today.

<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: - New Home Sales.

EUR: - Eurozone Bank Stress Tests.

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

There are no LIVE RADAR TRADES at the present time.

<strong>FLASH TRADES:</strong>

FT190
NZD/USD
Short at 0.7793
Stop at 0.8050
Limit at 0.6580
Price Now: 0.7851
Current Profit / Loss Position: - 58 pips

FT202
USD/CAD
Long at 1.1340
Stop at 1.1170
Limit at 1.1570
Price Now: 1.1205
Current Profit / Loss Position: -135 pips
(This pair is hedged from -70 pips)<strong> </strong>

FT209
AUD/USD
Short at 0.8785
Stop at 0.8850
Limit at 0.8000
Price Now: 0.8784
Current Profit / Loss Position: +1 pip

FT212
NZD/USD
Short at 0.7826
Stop at 0.7880
Limit at 0.7000
Price Now: 0.7848
Current Profit / Loss Position: -22 pips

<strong>FUNDAMENTAL TRADES:</strong>

FUN44
GBP/NZD
Long at 2.0507
Stop at 1.9800
Limit at 2.3200
Price Now: 2.0446
Current Profit / Loss Position: -61 pips

<strong> </strong>
<ol start="4">
	<li><span style="font-size: 12pt;"><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></span></li>
</ol>
There are no LIMIT ORDERS with my brokers at this present time.

&nbsp;

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> </strong>

<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.