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.
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