Trading Signals for Monday, July 01 2013

PMI-example

Hi,

Welcome to a new month, with a new week and also a new trading day.

I am not coming up with any new recommendations for today, considering it is just a Monday; and also the 4h chart is not showing anything definite. Hence, my earlier recommendations that I gave last week can be cancelled in today's scenario.

Though it is an almost no big trading day, but it is rather a good day for scalping.

I say so also because there is no big news coming today, except for the ISM manufacturing PMI.

This news will be coming at 2 pm GMT on this day. That is one news that can make you avoid your scalping half and hour before and after its release.

It is because such important heavy weight news could heavily affect your scalping deals.

Hence, I always advise to follow news whenever you are on with scalping.

Apart from that it is just a day to wait and watch to come up with a long term strategy tomorrow.

Till then have a happy day and life ahead !!!

Trading Signals for Monday, June 24 2013

Hello,

I have bent a little from my rule book today.

I have erased the stop loss from the deal at 1.3199 for some time. Else, it would have closed with a stop loss kept at 1.3099. I recall, when I had kept that entry order, I did get an intuition that the market could recede further down, but somehow I went wrong with that one.

So, I am in a little cautious mood to rectify my error. But I am doing this with a little caution too.

Considering the 4H charts, the market is bound to pull back a bit; but when does it start that way, I really do not know.

Hence, I have decided to wait till tonight, if by then I do not get a clear signal of the directions of the market, I would close this deal at whatever price (loss) I get.

So if that happens, it will bring the first loss of this week, and it will eat up 2/3 rds of profit earned from last week.


But nevertheless, there are other 2 orders also open, which could even out this loss; they are:

Buy orders at 1.3149 and 1.3099, both have a stop loss of 100 and a profit of 50 pips.

If these 2 deals end in profits, then this loss(if realised) would even out.

Also, I have kept another buy entry with the same profit and loss levels at 1.3049 levels.

And just rounding up the scenario since I started trading on the 17th of May:

my account is up by 500 pips since then.

Hope yours is too; Happy Trading till I update my posts till tomorrow.

Trading Signals for Tuesday, June 11 2013

Hi,

I did not come up with any signals for the day. Also, since the 4H chart went up without triggering the 1.3149 levels, therefore I have deleted that entry now.

Right now looking at the 4H chart, I am a little unsure where to put an entry order; and also not sure whether to go with a long or a short deal. But one thing I am really sure of, and that is that a strong sell trend is on its way. It is just a matter of few days, or at the max few week(s).

I assume that till the weekly stochastic reaches the top firmly, till then little spikes towards top North are obvious.

Now coming to the current signals:

Sell Eur/Usd at 1.3351 for a profit of 50 pips and a loss of 100 pips.

Regards
Aditi