Trading Signals for Thursday, February 14, 2013

I know I was supposed to post....but just could not, my father died...dont know when will I post again....

Trading Signals for Wednesday, February 13, 2013


It is the second day of my 2 open trades of Gold. Together with these 2, my trade count for the month is 3.

Since, the later gold entry crossed 10 pips, so I moved the stop loss from 10 pips to 5 pips.

So now, in a positive scenario, my profit will be of 60 pips, while the loss will only be of 15 pips.

I would not be available online for most part of the day since I am busy with my exhibition.

Will check my account only during the night.

So, putting following entry orders:

4.  Buy XAG/USD at 1637.4 for 30 pips, with a stop loss of 10 pips
5.  Buy XAG/USD at 1632.4 for 30 pips, with a stop loss of 10 pips

Happy Trading !!!

Trading Signals for Tuesday, February 12, 2013

Hi, I thought today will also be a no-trading day like yesterday, but I was wrong.

If any of you is keeping a track on the Gold, then you would have known that I had to post today.

Yes, the precious metal saw a drop to my favourite entry level. It surpassed the 1649 mark in the south direction.

Since I had requested for a withdrawal, so there was no currency in my account to execute the order at the 1649 mark.

In fact it turned out to be a good thing, cause it went really lower than that, I guess to 1643 levels.

But I was not that lucky to buy at that price, nevertheless any price lower than what you aim at is a good price.

So, I come up with the second deal of the current month, along with a back-up of an entry order, both of which are as follows:

2.  Buy XAG/USD at 1647.4 for 30 pips, with a stop loss of 10 pips
3.  Buy XAG/USD at 1642.4 for 30 pips, with a stop loss of 10 pips

Happy Trading !!!

Trading Signals for Monday, February 11, 2013

Hi, Good Morning. The reason why I am posting so early today is that I am on no trade week. As I wrote on my last Friday post, I have given a request to my broker for a withdrawal; therefore I am left with no currency in my account to trade.

Once my earned amount of 200 pips reaches my bank account; and also I get to see a confirmed bear/bull pattern for the EUR/USD pair on a long interval, then only I shall trade.

Yeah, I can get into a trading mode for the commodities, particularly the Gold metal, if and only if it falls below the 1650 providential mark.

Although, those who wish to trade, I do have some trading ideas, but as you know, Monday is not a good day for trading, as the patterns are not rightfully set. They take the next day of the week, i.e. Tuesday to form set patterns. But still this is what I recommend, but please note that I am not going to open these trades.

Hope you benefit from them, and yeah do not relax on the Stop Loss.

Buy at 1.3349 for 150 pips, with a stop loss of 50 pips
Buy at 1.3299 for 150 pips, with a stop loss of 50 pips

Happy Trading!!

Trading Signals for Friday, February 8, 2013

I had to post today, it is not just the last day of the week, but also the day when my another entry order closed in a profit. So, now my overall profits are to the tune of 200 pips.

I was kind of hopeful for this second entry to close on a profit as well.

I am really thrilled. Well, it is my discipline that makes me end up in green every time.

Further from here, I will put in a request for the withdrawal of funds to my bank accounts.

I am quite adamant on that as well.

Also, I removed the entry order that I had put in on the Monday, February 4th.

So, as of now there is only a count of 1 for the orders opened in the current month of February.

Will come up with more trades, and more and more profitable trades from the next week.

Till then I am basking from the profits made in this month, till now.

Happy Weekend!!

Trading Signals for Thursday, February 7, 2013

Wow, I thought today I will not have to post a blog. I had assumed today also to be a wait and watch day. But luckily it did not turn out that way. I am thrilled to watch one of the entry orders closing with a profit of 300 pips. This order made me recover my losses to a great extent. Now, I only have a loss of 100 pips to recover. I am so happy.

Though the another entry order is still open; and since it crossed the 200 pip mark in profits, I therefore moved the stop loss ahead. Now I would not be making any significant loss in the current open order, except for the basic brokerage charges.

Looking at the constant hitting of lower lows I guess my current order would also end in a profit.

I hope so...

Till then, happy trading !!!

Trading Signals for Wednesday, February 6, 2013

Hi, the reason why I get to post this late in the day is because I did not open any new trade. I am still on the wait and watch mode. The market seems to be ranging, therefore no fixed movement is seen in the markets, in neither of the direction.

The status is same, in the open trades, I either make a maximum profit of 600 pips, or I lose a maximum of 50 pips. In a probable scenario I could also make a profit of 300 pips and a loss of 50 pips, both together.

But what is going to happen, I do not have an idea, but looking at the daily charts, I am more likely to incur a minimum of 300 pips as a profit. I do not know; all of us will get to know probably by the end of this week.

The commodities seem to be developing a bearish patter, as I had guessed 2 days back. Though I am suppressing the urge to buy any of them. I would look into them only when my EUR/USD deals get closed, or the Gold goes below the 1650 mark.

Happy Trading!!!

P.S: If I end up not trading any deal for tomorrow, then I would not post a blog.

Trading Signals for Tuesday, February 5, 2013

It is the second wait day for the open orders. Since, both the orders reached a certain threshold on the profits, therefore, the Stop Loss on each was moved ahead. The recent order is now on No Loss as stop loss and the other one is on Stop Loss of a mere 50 pips.

My strategy with the moving stop loss is simply moving the stop loss by 50 pips, the moment the order moves 100 pips. Since, with one of the open orders, the price moved 200 pips in the profit direction, so the Stop Loss with it became neutral (though it still carries the brokerage costs); while with the other it came down to 50 pips. It is because there was a difference of 50 pips between both the orders.

The market moved north today for the most part of the day, but now as we progress towards the US times, there seems to be a southward trend again.

As of now, I am still with the entry order which I mentioned in the trades for yesterday.

And for the current open trades, as explained above, in the worst case scenario, I would be incurring a loss of 50 pips.

The commodities are again showing a haphazard pattern, I am pretty firm with the policy of not getting into them till I get a firm signal.

So hoping on hitting the take profits on both the open orders as of now.

Happy Trading !!!

Trading Signals for Monday, February 4, 2013

It is the first day of the week, and also the second trading day of the month. The popular currency pair has seen a reversal, and moving towards a sell trend. The pair is constantly surpassing its lows, making newer lows since the day. As of now the 1.3574 is the lowest low, the market may rebound from here, one never knows. For the same reason, our stop losses are firmly in place. Though I have moved the stop loss for the entry that opened last, i.e. the one which opened with 1.3708. The profits on the same had surpassed 100 pips, so I lessened the stop loss by 50 pips, making it at 1.3758. So, currently both are orders are in green, and also both carry the same stop loss. Hence, if the market carries a wave against our trades, then one of our orders will make a loss of 100 pips, while the other a 50 pip, thereby lessening our loss by 50 pips.

In that loss making scenario, I am prepared with another entry order, which is as follows, if triggered, this will be the second order of the month.

2. Sell at 1.3758 for 300 pips, with a stop loss of 100

As far as commodities are concerned, there seems to be a bearish pattern forming, but I rarely go in for the same, so I am sticking to the strategy of wait and watch for both the Silver and Gold.

Happy Trading!!

Trading Signals for Friday, February 1, 2013

It is the start of a new month, and the end of the last week of the first month of the year. It is a crucial day, since the release of the most important data of the month is awaited. It is the Non-farm employment data that will be released today at 1900 hours IST.

Reviewing up the week's trade, I opened 5 trades as of now, out of which 3 have closed with a stop loss.
The outcome of the remaining 2 is awaited, the result of the same will be highly dependent on the data that will release in few hours from now.

Talking about the sentiments, I feel it is high time now that the ongoing bull run has to smash and give way to a bear trend.

I have placed entry order, and I strictly believe in the policy of keeping few trades, and I define few as 10 trades a month. So, from today, the count starts, which is as follows:

1. Sell at 1.3708 for 300 pips, with a stop loss of 100

In the current volatile scenario, trading in commodities is avoided, since they carry a big margin.

Happy Trading 
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