<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 12th September 2014
REF: #87</strong>

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<ol>
	<li><strong> OVERVIEW – INITIAL THOUGHTS:</strong></li>
</ol>
Before starting, I would like to welcome on board the two new members from yesterday to the subscriber list, great to have you on board for 20 weeks… hopefully you will extend at the end of that initial period.

It was quite a quiet night overnight for me. We had another  #yougov poll from the UK that placed the NO vote ahead by 4% in the Scottish referendum vote. There was volatility around the release time but since then it’s been very quiet very small ranges. The cable has had a trading range of 57 pips so far. The EUR/USD only 18 pips…it’s looking very tired.

I am just so frustrated that I have missed the 300-pip fall in the AUD/USD. It looks like as we approach 0.9000 this pair should find buyers ahead of the round number. The divergence in the AUD / S&amp;P from early 2013 is now more noticeable than ever. Maybe it is now the time that the equities markets start to rollover. Just thinking, with FED raising rates this could be it.

I have written the following many, many times before: -
<ul>
	<li>COMMODITIES LEAD THE WAY FIRST,</li>
	<li>BONDS ARE STRAIGHT AFTER,</li>
	<li>CURRENCIES GET ON BOARD WITH DIRECTION,</li>
	<li>And,</li>
	<li>The last attendees to the party are: -</li>
	<li>EQUITIES.</li>
</ul>
<strong> </strong>
<ol start="2">
	<li><strong> KEY NEWS EVENTS TODAY (BASED UPON (NYC) EDT TIME ZONE):</strong></li>
</ol>
USD: - Core Retail Sales, Retail Sales and UoM Consumer Sentiment.

<strong> </strong><strong> </strong>
<ol start="3">
	<li><strong> EXISTING LIVE TRADES:</strong></li>
</ol>
FT172
NZD/USD
Short
Entry at: 0.8180
Stop at: 0.8030
Limit at: 0.7800
Present Price: 0.8171
Current Profit / Loss Position: +9 pips

RT143
AUD/NZD
Long
Long at 1.1200
Stop at 1.1020
Limit at 1.1550
Present Price: 1.1086
Current Profit / Loss Position: -114 pips

FUN14
GBP/NZD
Long
Entry at: 1.9800
Stop at: 1.9000
Limit at: 2.2350
Present Price: 1.9868
Current Profit / Loss Position: +68 pips

<strong> </strong>
<ol start="4">
	<li><strong> LIMIT &amp; STOP ORDERS WITH BROKERS:</strong></li>
</ol>
RT151
USD/JPY
Long at 105.95
Stop at 105.50
Limit at 110.00

<strong> </strong>
<ol start="5">
	<li><strong> FINAL THOUGHTS:</strong></li>
</ol>
I am expecting a mixed bag of data from the U.S. data that is being released later. This could offer us a nice entry in particular the EUR/USD short at around 1.3000 or 1.3050.

It is a Friday and things have been slow moving so be careful getting stuck in a trade over the weekend…definitely try to stay away from GBP/USD the UK press are going to be in overdrive on steroids with fear related articles and polls within polls this weekend over Scotland.

I also include a copy of one of my ads for this weekend’s INTRODUCTION TO FOREX SEMINARS being held in Montreal. If you send friends you may have in the area along I would be grateful.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png"><img class="aligncenter size-full wp-image-4244" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/08/PSP-MONTREAL-SEPT2014-DROPBOX.png" alt="PSP MONTREAL SEPT2014 DROPBOX" width="372" height="405" /></a>

<strong> </strong>
<ol start="6">
	<li><strong> DISCLAIMER:</strong></li>
</ol>
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 foreign exchange 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 foreign exchange trading and seek advice from an independent financial advisor if necessary.

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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