Trading Signals for Thursday, August 16, 2012

The market has taken a twist from its recovering and is showing all signs of a downfall since the start of the day. Seeing the confused scenario, we can refrain from trading on the EUR/USD pair instead we can scalp with nominal profits.

Also, Gold and Silver are stuck in a narrow range, though due to there being a shimmering commodity, a huge breakout towards North is most likely.

However, keeping in line with our conservative approach, few deals can be considered, which are as follows:

1. EUR/USD : Short at 1.2351 with stop loss 1.2391 and take profit at 1.2231
2. EUR/USD : Long at 1.2199 with stop loss 1.2159 and take profit at 1.2319
5. XAU/USD : Long at 1586.8 with stop loss 1581.8 and take profit at 1601.8
6. XAU/USD : Long at 1576.8 with stop loss 1571.8 and take profit at 1591.8
7. XAG/USD : Long at 27.50 and 27.00 with a take profit at 30.0 and a stop loss as per your margin capacity.

Trading Signals for Wednesday, August 15, 2012

So, yesterday one of the long deal on Gold did open. As my philosophy remains, to keep on rolling the stop loss ahead at major landmarks when the price soars, managed to close the deal in positive.

It seems the market is on a pulling strength and therefore the deals for today will be in accordance with the same, which are as follows:

1. EUR/USD : Short at 1.2391 with stop loss 1.2431 and take profit at 1.2271
2. EUR/USD : Long at 1.2279 with stop loss 1.2239 and take profit at 1.2399
5. XAU/USD : Long at 1583.1 with stop loss 1578.1 and take profit at 1598.1
6. XAU/USD : Long at 1573.1 with stop loss 1568.1 and take profit at 1588.1
7. XAG/USD : Long at 27.40 and 27.10 with a take profit at 30.0 and a stop loss as per your margin capacity.

Trading Signals for Tuesday, August 14, 2012

After the markets open yesterday, it seems a bullish trend is building up. Although the chances of a downtrend breakout cannot be ruled out. Therefore, entry orders should be kept with precautions, and never without a well thought Stop loss and Take profit.

Following are the following entry orders for the day:

1. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
2. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
3. EUR/USD : Long at 1.2309 with stop loss 1.2269 and take profit at 1.2429
3. EUR/USD : Long at 1.2279 with stop loss 1.2239 and take profit at 1.2399
5. XAU/USD : Long at 1595.1 with stop loss 1590.1 and take profit at 1610.1
6. XAU/USD : Long at 1585.1 with stop loss 1580.1 and take profit at 1600.1
7. XAG/USD : Long at 27.60 and 27.30 take profit at 30.0 and a stop loss as per your margin capacity

Trading Signals for Monday, August 13, 2012

Today a week has passed since I started writing this trading journal. All through the week; 2 of the 3 of my triggered deals ended up in a loss. That is fine since there was a firm stop loss at its place, which was never altered.

Looking at today's charts it is not so clear to gauge the direction of the market. Therefore, the trend cannot be established. However, following are the deals that can put in an entry mode.:

1. EUR/USD : Short at 1.2331 with stop loss 1.2371 and take profit at 1.221
2. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
3. EUR/USD : Long at 1.2209 with stop loss 1.2169 and take profit at 1.2329
3. EUR/USD : Long at 1.2109 with stop loss 1.2069 and take profit at 1.2229
5. XAU/USD : Long at 1605 with stop loss 1600 and take profit at 1620
6. XAU/USD : Long at 1595 with stop loss 1590 and take profit at 1610
7. XAG/USD : Long at 27.50 and take profit at 30.0 and a stop loss as per your margin capacity


Trading Signals for Friday, August 10, 2012

Hi,

The market has confirmed the down trend that I expected it would take at the start of the week on Monday.
One of our long deals on EUR/USD that opened on Wednesday got closed at a loss; that is fine till our stop loss was firmly in place. Though another deal on the pair that opened yesterday at 1.2289 is still open.


Looking at the trend it seems to be ending again at the stop loss, those who do not have a sizable account can either close it right away, taking back a small loss or wait for it to get better or even consider it to reach the stop loss that I suggested yesterday at 1.2249 levels. Anyway the choice is entirely up to you and your trading style, and of course the margin in your account.

Since, I enjoy taking a break from currency trading from Fridays to Monday, so I do not intend to open a new deal today. But still from the analytical point of view, these are the long term deals still active on my trading account:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
3. EUR/USD : Long at 1.2209 with stop loss 1.2169 and take profit at 1.2329
3. EUR/USD : Long at 1.2109 with stop loss 1.2069 and take profit at 1.2229
5. XAU/USD : Long at 1596.6 with stop loss 1591.6 and take profit at 1611.6
6. XAU/USD : Long at 1586.6 with stop loss 1581.6 and take profit at 1601.6
7. XAG/USD : Long at 27.70 and 27.50 and take profit at 30.0 and a stop loss as per your margin capacity


Trading Signals for Thursday, August 9, 2012

Hi,

It seems your long position on the pair EUR/USD must be going strong if you had followed my yesterday post. You must be earning a good pip on that one; or you must have already earned a great deal depending upon the size of your deal.

The mood of the market seems a little confused right now. So, I am refraining from getting into it, except for the one that is already open. In order to save our capital from getting negative, I would suggest moving your stop loss to the opening level of the order once the pair would surpass 1.2401 mark.

However, my revised entry orders remain as follows:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
5. XAU/USD : Long at 1597.4 with stop loss 1592.4 and take profit at 1612.4
6. XAU/USD : Long at 1587.4 with stop loss 1582.4 and take profit at 1602.4
7. XAG/USD : Long at 27.70 and 27.50 and take profit at 30.0 and a stop loss as per your margin capacity

Trading Signals for Wednesday, August 8, 2012

The bearish phase that I suspected on Monday, seems to be phasing up into a trend mode. the EUR/USD as well as the commodity pair seem to be going in for a downtrend. The orders are not much different from the previous day; they are more or less the same.

Hence, looking at the 1 hour chart and the subsequent long hour charts, I have come with the following entry orders for today:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2401 with stop loss 1.2441 and take profit at 1.2281
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
4. EUR/USD : Long at 1.2341 with stop loss 1.2301 and take profit at 1.2461
5. XAU/USD : Long at 1592.1 with stop loss 1587.1 and take profit at 1607.1
6. XAU/USD : Long at 1582.1 with stop loss 1577.1 and take profit at 1597.1
7. XAG/USD : Long at 27.60 and 27.40 and take profit at 30.0 and a stop loss as per your margin capacity

Trading Signals for Tuesday, August 7, 2012

It seems that the market could not ride much up since yesterday. Yesterday, it did manage to cross 1.2425, but now it is again below the 1.2400 mark. The weekly also suggests a downward trend.

Going by the long term charts, this is what I have done with my accounts for today; have a good day at trading.

My trades as an entry order for today are as follows:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Long at 1.2341 with stop loss 1.2301 and take profit at 1.2461
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
4. XAU/USD : Long at 1593.4 with stop loss 1588.4 and take profit at 1608.4
5. XAU/USD : Long at 1583.4 with stop loss 1578.4 and take profit at 1598.4
6. XAG/USD : Long at 27.60 and 27.40 and take profit at 30.0 and a stop loss as per your margin capacity

First day of keeping a journal, Monday August 6, 2012

Hi Journal,

This is the very first day of our acquaintance with each other. I will be updating you on every trading day. Since today happens to be a Monday, the first trading day of the week, therefore I refrain from making any trading today. I will be actively trading from tomorrow.

Although looking at the long time frame charts, the EUR/USD pair seems to be in a sinking mood. Though do not know if the market will continue its sinking mode all the week. Therefore, I closed my short deal trailing from the last week with a 11$ profit. For the rest, we can only wait and watch till tomorrow.

To be on a safer side, I have put in limit orders for the pair, which are good till the end of the trading day. Also, as my usual habit, I have put in 2 limit  long orders for both of my favourite commodity currency pairs, Gold and Silver.

My limit orders are as follows:

1. EUR/USD : Long at 1.2199 with stop loss 1.2159 and take profit at 1.2319
1. EUR/USD : Long at 1.2259 with stop loss 1.2219 and take profit at 1.2379
2. XAU/USD : Long at 1588.6 with stop loss 1583.6 and take profit at 1603.6
3. XAU/USD : Long at 1578.6 with stop loss 1573.6and take profit at 1593.6
4. XAG/USD : Long at 27.50 and 27.20 and take profit at 30.0 and a stop loss as per your margin capacity

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