Trading Signals for EUR/USD on Wednesday, September 04, 2013

As I had posted yesterday, the Dollar strengthening would ease a bit for a while.

And today it did. In fact, today the Dollar Index showed some losses.

I have attached a picture as a proof for my prediction.

Also, my long EUR/USD deal at 1.3149 opened, and is currently in profits. Just waiting for it to gain 50 pips.

Now, coming for the day's signals. They are as follows:

Sell EUR/USD at 1.3251 for a profit of 50 pips.
Buy EUR/USD at 1.3099 for a profit of 50 pips.
Sell Gold at 1436.1 with a stop loss of 1441.1 and gain of 1421.1
Sell Silver at 25.501 with a stop loss of 26.001 and gain of 24.001
Buy Gold at 1384.9 with a stop loss of 1379.9 and gain of 1399.9
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999

dollar-index-4-sep-2013

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Why I love to trade in Currencies

In the recent past Trading in currencies has garnered a lot of attention. But much like other avenues of generating money online, it has also come under the speculation of being a scam or fraud. I am not going to talk about all that here. Rather on what makes me trade in currencies, and makes me love doing it.

I have compiled a list of 5 merits of trading in the currencies, which is as below:

1. You need no prior knowledge to be successful in trading with the currencies. It is not like you have to spend time and money to invest in learning the basics of trading.

2.  There is no threshold time period to earn. One can start earning within minutes of opening a Forex trading account.

3. You need not spend your entire day and time working towards earning money in currency trading. In fact, if you are a seasoned trader the number of hours spent on trading will actually lead to more profits in your bank account.

4. The point 3 above is actually what makes another merit. Since, Forex trading gives an immense opportunity to earn at one's convenience, therefore, one gets to spend more time with friends, family or on a hobby that one is ardent about like crafts or traveling.

5. You do not need to track complex charts and financial reports to make a decision to sell or buy a particular trading pair. Anyone with a little trading knowledge in the stocks and bonds would know how taxing and time consuming it is to read all about the companies annual reports and earnings in order to come up with a decision to investing in them. But with currency trading, this particular task also gets eliminated. With experience one only needs to spend few hours a week in the chart pairs of the currency that they trade in.

So, with all the merits mentioned, I feel currency trading is a revolutionary step in getting independent financially and living a happy and stress free life.

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Weekly Roundup on Sunday, Jul 28 2013

Okay so this is the very end of this week, and almost the end of this Month.

And as far as my trading goes, well it has just started.

Since last Monday, I pumped some dollars into my account and start trading. 

As you would know, I aim for gaining 500 pips in a 30 days of time. And this ambitious plan of mine leads to doubling my account within those days.

Hence, in this quest of mine, a week or a 7 days have passed.

Within these 7 days, my account has been able to garner 50 pips, or rather 10% in profits.

It was on Thursday, that my Sell entry started at 1.3251 closed in profits.

Just to mention that I started my Selling spree from 1.3201 levels, and from there taking a cover deal at 1.3201.

If I go on an analysis mode on the Weekly candle stick;then it seems obvious that it has been a bullish one, being in blue.

weekly-chart-28-july-2013

I have clubbed the last and second last weekly candle stick in a black transparent box.

Just checking back tells me that my judgement was close to the real figures for the ending week.

The market did not even cross the 1.3300 levels; rather it was stuck between 1.3297 and 1.3144.

Come to look at it, that is not much movement for an entire week.

Moving ahead, I do not know what the coming week from tomorrow will bring.

But whatever be it, I will optimize it well to my trading advantage.

Long live the stringent trading plan.

P.S.: Do look at my BUY page or the TUTORIALS page to develop more of your understanding of the market.

Trading Signals for EUR/USD on Thursday, July 25 2013

Hello,

It is such a good feeling to get up and see 50 pips profit in your account. By the way, in terms of percentage, it comes to a 10% profit in my trading account in just 2 days. Yeah that is true, I credited my account on Monday.

As I had posted yesterday, the announcements on U.S data will bring the market down or rather it will strengthen the US dollar.

But interestingly, the market went up when the European data was announced 6 hours earlier to the American.

Today, also the market seems to behave more or less the same way as it did yesterday. Hence, the signals for the day will also be similar to the ones as yesterday.

The announcements for the day are as follows:

From 7 am GMT to 8 am GMT, there will be news and announcements from the European Union. The major ones are the figures on the Spanish Unemployment rate; and the other one being an indicator on the Business health of Germany.
The business health from Germany is a leading indicator of economic health. Since businesses react quickly to market conditions and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

These announcements cause high impact; I therefore suggest staying away from Scalping, and trading only on taking big pips.

Also, just as yesterday, there is also some big announcement coming from the U.S. at 1 pm GMT. The announcements to look out for are the Core durable goods orders and the Unemployment claims.

Hence, in the midst of these the signals for the day are carefully thought off and are not different than what they were yesterday, plus one more signal.

Sell EUR/USD at 1.3301 for a profit of 50 pips; no stop loss.

Sell EUR/USD at 1.3251 for a profit of 50 pips; no stop loss

Sell EUR/USD at 1.3151 for a profit of 50 pips; no stop loss.

Till then stay happy.

Trading Signals for Thursday, January 31, 2013

Another entry order got triggered, and the first entry order closed with the stop loss, making the loss count to 1 as of now. Now awaiting for the other 2 open orders to close, hopefully with the Take Profits placed :)

Going by the long-term charts, there seems the end of the bullish trend. The Dollar Index is also showing an upward trend towards its average of the month i.e. 79.97, currently it is at 79.3, which is just slightly up the lowest of the month at 79.21.

If not today, then tomorrow the bearish trend is going to begin, and I am all for it.

In case it does not, I suggest going in for another entry order as follows:

Sell at 1.3608 for 300 pips, with a stop loss of 100
Sell at 1.3658 for 300 pips, with a stop loss of 100

P.S: Currently no predictions for the commodities, awaiting the U.S. data that will release tomorrow.

Happy Trading!!