Trading Signals for EUR/USD on Wednesday, November 20, 2013

Editor - white ribbon - 0 pips transp
Editor - white ribbon - 0 pips transp (Photo credit: Wikipedia)
This day today haunts me, cause this is my dad's first birthday after his death.

I thought of staying away from any trading today, but then when my mind started wandering to all things depressing, I slyly took it up.

So, coming back to business as usual; the yesterday's signal went down to drain, causing a loss of 25 pips. But hang on, this was not that bad, because I recovered a bit of those lost pips by about 10. Hence, the overall loss for yesterday comes to a mere 15 pips.

I know I have not updated on the recovery part, that was simply because it happened so quick, and I therefore had no time to update here.

Therefore, as an initiative to present all signals in a better way, I have decided to tweet in a jiffy for moments like these.

Anyway, as of now the market seems to have gained a lot; I suppose that is what it does before reversing it's trend.

So, now I have opened a Short deal at 1.3559, though I suggest any value above this figure would be good. Though, I wanted my deal to be at 1.3561. I am not going to rue at that one. Rather, I better play safe by keeping stop losses and take profits. So, a stop loss of 50 pips and a profit of 100 does me good.

Though I keep moving the loss by 10 pips, the moment my profit crosses landmarks of 5 pips. Hence, by the time I gain  50 pips, I come to a no loss scenario. So, I am assured of not losing anything in a particular trade once I have gained 50 pips on it. Although, I do lose out on profits, because after that even if the market changes the trend, I do not then lower the loss levels. Therefore, my strategy always focuses to lose less rather than gaining more.



By the time I have written this, the market has changed it's mood. Please do not be surprised if I post an update on Twitter any time soon.

Till then enjoy!!
Enhanced by Zemanta

Trading Signals for EUR/USD on Tuesday, November 19, 2013

Image used to convey the idea of currency conv...
Image used to convey the idea of currency conversion (originally from en.wikipedia). The signs are (clockwise from top-left): dollar, euro, pound, shekel, đồng, yen. (Photo credit: Wikipedia)
So, the start of the week yesterday was not that good. Since, the stop loss of 50 pips was intact, hence the loss was limited to that. This is one of the many reasons why I really love to trade in this volatile currency market.

Anyway, I still maintain my stand as yesterday that the market is bound for some movement downwards. Hence, I have put in a short deal at 1.3509 levels for a stop loss and a take profit level of 25 pips each. Also, I plan to get into a rolling take profit and loss schedule once the market starts rolling more downwards.

If in any case it does not, then I will be happy with a loss of 25 pips in this deal today. I know I could have initiated another short deal 12 hours back when my last short deal closed with a loss. But I am a strict disciplinarian when it comes to the forex market. Hence, I refrained from doing that yesterday, and instead I am doing it now, and I have kind of done it. LOL

Also, for the scalping deal, one short at 1.3461, another long one at 1.3459. Both have a stop loss of 10 pips and a take profit of 30 pips.

I also want to mention that it is the Stochastics and RSI, that make me go firm on my shorting decision. I am very likely to move the take profit and stop loss levels.

P.S: If there is any other update to the trading signals for today, I shall update the same as a corollary to today's post. 


Enhanced by Zemanta

Trading Signals for EUR/USD on Monday, November 18, 2013

Imagination (Gladys Knight & the Pips album)
Imagination (Gladys Knight & the Pips album) (Photo credit: Wikipedia)
It is the start of another week, and therefore another day of trading to get a chance to earn some green back.

Hence, getting to the signals for the day - Today the pivot for the day as of now is 1.3430.

Therefore, following are trading signals for the EUR/USD pair:

1. Short the pair at any levels anywhere up to 1.3430; I traded at 1.3491 for 25 pips, which closes at 
    1.3466. Also, a stop loss of 50 pips, mine is at 1.3541.

2. 2 Scalping deals; one short at 1.3431, another long one at 1.3429. Both have a stop loss of 10 pips and a
    take profit of 30 pips. Hence, either a profit of 20 pips or a loss of the same amount is definite. Just to
    mention that on the last trading day, i.e. on Friday , 15th November, our scalping closed at stop loss, so I
    am a little expectant for the profits today.

Do not know what will happen, but in a worst case scenario, either I will end up with a loss of 50 pips on the 1st trading deal or loss on both that deal as well as the scalping deal, leading to a cumulative loss of 70 pips.

But if all goes good; I will end up in 55 pips profit. Let us see for ourselves what happens during the course of the day.

Till then, have a good and profitable day.

P.S: If there is any other update to the trading signals for today, I shall update the same as a corollary to today's post.
Enhanced by Zemanta

Weekly Roundup on Sunday, Nov 17 2013

The One and Only (Gladys Knight & the Pips album)
The One and Only (Gladys Knight & the Pips album) (Photo credit: Wikipedia)
I happy to state that the signals on Sunday, Nov 17 2013 closed in profit. If anyone followed my signal, then I am happy that you ended in profits.

Looking at a thread-bare analysis of the same, the long deal at 1.3355 closed with a 25 pips profit at 1.3380.

But on the other hand, both of the scalping deals closed with a stop loss, resulting in a loss of 20 pips.

Hence, the overall result came down to a gain of 5 pips.

This would have made little sense if were dealing with a small lot, but with a macro account, it could mean huge.

Well, as long as there is no loss of pips, everything else is a profit; even a situation of no gain.

So, I hope with my daily update of signals on my blog, each one of you could gain some pips in the Forex market.

Further, I hope you enjoy this weekend, see you tomorrow.

Enhanced by Zemanta

Trading Signals for EUR/USD on Friday, November 15, 2013

English: A Pivot Animation
English: A Pivot Animation (Photo credit: Wikipedia)
For today, the pivot point is 1.3495.

Hence, right now I have opened a long deal at 1.3455, with a take profit level of 1.3480.

A stop loss value depends on your margin. I have kept 50 pips. This is rather subjective.

Any value lower than what I have taken will be a bonus.

Once, the pair reaches the pivot point, then I would try some quick scalping there.

I have thought of putting one long at 1.3494 and a short at 1.3496.

Both will have a stop loss of 10 pips and a profit of 30.

Hence, with this scalping; either I would have a profit of 20 pips or a loss of 20 pips.

Whatever be, will update the outcome tomorrow.

Till then Happy Trading.
Enhanced by Zemanta
Related Posts Plugin for WordPress, Blogger...

AddThis