Trading Signals for Thursday, July 11 2013

Hello,

I am so happy to post that all my open orders have closed in profits. The FOMC speech really proved good for me.

The open order at 1.2799 closed with a profit of 50 pips at 1.2850 levels. This particular deal evened out all the losses that I made on Tuesday. So, now I am back on no profit and no loss situation.

Moving way ahead, as I had suggested in my last posts in this week, I knew that the market would go up, and it has gone up.

Now the way forward, I am awaiting the Unemployment claims of the U.S. That is one news that will be announced at 12:30 pm that could be the game changer. Either the market will go further up or it will stoop low, erasing all the gains that it accumulated in just 12 hours back.

Either ways, cannot comment. but what I do know is that I can keep entry orders, so they are as follows;

Sell Eur/Usd at 1.3201 and 1.3251 for a profit of 50 pips and a loss of 100.

Till then, just wait and watch and do not forgot to live and enjoy life.

Trading Signals for Monday, July 08 2013

Hi,

Welcome to the first trading day of the second week of this month.

As of now my trades have just missed closing with a stop loss.

My long entry orders triggered at 1.2899 and 1.2849 levels are still on.

They might close with a stop loss or with the take profit levels; all depends upon the result of the European Conference meetings that will happen during the entire day.

Also, at 12:30 pm GMT, there is speech by Draghi Uncle.

All depends upon what he talks then.

Depending on what he talks, my account will either gain or lose.

But what do I think?

I think my account is going to gain. Looking at the 4h and Day charts, my trading intuition tells me that the Eur/Usd is going to go up.

Hence, a gain in my account.

And now coming up to the signals part:

No. no more trades till the existing ones close. But I do have a cover up trade at 1.2799 only in case the market goes downward.

Will update the outcome tomorrow, till then enjoy !!!

Trading Signals for Thursday, July 04 2013

Hello,

I know I have to post today even if I take an off to be with my family. What can I do, it is my birthday today.

So, I am keeping things short and direct.

Since ECB Press conference is on its way, so the volatility is also on its big way.

Hence, I stick to my recommendations as they were yesterday.

And yeah please stay away from scalping, or rather stay away from trading if the dynamism in the market scares you.

There is still time to catch up tomorrow.

But all said and done, the market should be going up anytime now, as per my analysis.

If not, be stringent with the 100 pips stop loss.

Till then wish me a happy birthday and a great trading day and overall a great year and time ahead !!!

Trading Signals for Wednesday, July 03 2013

Hi,

Now comes the trading day of the week which promises to bring in some drama. Of course drama, considering that the past two days has been calm.

This upcoming tussle in the Eur/Usd pair is confirmed with the slew of important and high impact creating news that will be announced in the day.

So, now you know for sure that this day is definitely not good for scalping. If done, it is very probable to end up in losses as the market is bound to behave chaotic and dynamic.

Therefore, if not scalping, then it is the best time to go in for deals with bigger pips closing in profits.

Hence, getting straight ahead to the bigger pips strategy, I focused on my favourite 4H charts with my favourite indicators.

To me it seems that the indicators suggest that the pair is in for a low before it starts rising up again.

Therefore, I come up with the following entries:

Buy EUR/USD at 1.2899 for a profit of 50 pips and a strict stop loss of 100 pips.

Also, a little look on the important news coming today that could be effecting our trading as follows:

·         Unemployment claims

·         Non-manufacturing PMI

Hope you make some winning pips after reading this post.

Trading Signals for Monday, June 10 2013

Hi,

It is Monday, the first trading day of the week. As usual, I am on a wait-and-watch mode. I am really on a mission to rectify the few impulsive errors that I made on my last 2 trading days of the past week.

I am not the kind of person who will cry over the spilt milk; and by the way there was no spilt milk at the first place. I mean there were no real losses. I am on a 100% as compared to what I started with last month, it is just that my profits got chopped a bit.

So, moving ahead, everyone is talking about a big fall. I mean a big massive fall, that is about to come. It is estimated by the big daddys of Forex that the Eur/Usd could go down to 1.1 levels. Yeah, that is really freaking.

If I go by the monthly stochastics, yes that is a big possibility. But since you and me are not that longing long term traders, we better stick to the 4H charts. 

And my 4H charts suggest me to keep a long entry at 1.3149 for a profit of 50 pips and a stop loss of 100 pips.

Waiting for the signals to become prominent till tomorrow. Till then have a happy trading and a happier day.

Trading Signals for Monday, June 03 2013

Hi,

It is the first trading day of the month. Therefore, I am here with my post and updates on my trading.

If you have been following my blog for sometime, then you would know that I rarely trade on Mondays.

On the first trading day of the week, I just do a analytical round up on my open deals and gear up for the following days of the week.

Coming to my open trades; 2 of my long deals opened at 1.2849 and 1.2799 respectively are still open.

They might close at a break-even amount each if the market crashes; or might earn 300 pips each if the market grows up.

I have no idea what will happen tomorrow, , but what I do know is that since the morning session, the market has been showing continuous signs of dropping. 

Therefore, I have decided to cash in few pips in the current scenario.

I have kept the following entry order:

Buy EUR/USD at. 1.2949 for a profit of 50 pips and a stop loss of 150 pips.

Will post the outcome tomorrow.

Wish you all a happy week ahead....

Trading signals for Wednesday, May 29, 2013

Hi,

I really got no time to even check my deals. But that is the great thing about smart and calculated trading. You really do not need to worry much, even when you are away from your trading desk for a long time.

The trading plan takes care of everything.

Just a little update on my deals:

The 2 long entry orders on 1.2849 and 1.2799 are still going strong. Hope they will do in the near future too.

The Stochastics for the 4 hours have touched the top North, but looking at the jolt of the upward thrust, I am not going in for the 3rd sell entry at 1.2951....

Instead I have moved the levels to 1.3001. So, if the market reaches till there, it should see a little fallback of say 50 pips downwards. So, I have a limit entry there.

Will get to know about the outcome tomorrow when I reach back home.

Till then, keep trading and keep smiling....  

Trading Signals for Friday, May 24, 2013

Hi,

Today is the last trading day of the week. And I am excited because till now none of my deals have closed in red.

Talking about taking the decision to buy or sell, well I am in for 2 trades, which are as below:

Sell Eur/Usd at 1.2951 for 50 pips profit and 150 pips stop loss.
Sell Eur/Usd at 1.3001 for again 50 pips profit and a stop loss of 150 pips.

The second deal will act as a cover deal for the first one.

And yes both these deals are against the long term direction as per the day charts.

The long term deals opened at 1.2849 and 1.2799 are still on and going strong.

Happy Trading and a Happy weekend on start.

Trading Signals for Friday, May 17, 2013

Hi,

I know it has been 2 days and I have not posted yet. That was because my best friend had come to visit me for these two days. He went back just 2 hours back, so I am back to my posting job.

Without a much time, I come up with my signals for the day. Just a word of advise regarding my hunch, I am pretty hooked on to going long on the commodities and also the Eur/Usd pair right now.

So please have a look:

Buy EUR/USD at 1.2849 for 300 pips, with a stop loss of 100 pips
Buy EUR/USD at 1.2799 for 300 pips, with a stop loss of 100 pips

Happy Trading and a Happy Weekend.....

Trading Signals for Friday, April 05, 2013

Hi,

So today for both the entries the stop loss as well as the take profit levels changed. As I had expected yesterday, the bullish trend had started forming. The trend got firm when the U.S. data released with a poor result. It lead to a big loss for the USD, which actually worked in my favor. The EUR/USD pair saw a big leap.

Since, both the entries crossed the 200 pips profit, so I moved the stop loss levels to the point where the entries got opened. Also, the take profit levels were further stretched to +300 pips, making the current take profit levels for each to 600 pips, thereby making the total take profit to 1200 pips as a combined profit.

Though in a worst case scenario, the loss would be nil (+ the broker commission).

Hoping to see a positive scenario on Monday when the market re-opens.

Happy Weekend!!

Trading Signals for Wednesday, March 20, 2013

It is Wednesday, and I am happy to see that both of my entry orders are on profit. In fact one of them has crossed the 100 pips in profit, so naturally my stop loss for the respective order has crossed the 50 pips.

Hence, my loss for the particular order would be a mere 50 pips.

Also, I am awaiting for the news regarding the FOMC Economic projections and statement, which will be released by 11:30 pm tonight.

That news will decide a lot for my existing open orders.

Shall update whatever the outcome is.

Happy Trading and Happy Life!!!

Trading Signals for Tuesday, March 19, 2013

It is Tuesday, and my second entry order has also triggered. So, at 1.2849, and at 1.2899, I have two entry orders.

Luckily, none of them have crossed the stop loss mark.

Let us see what happens in the coming week.

Happy Trading and Happy Life!!!

Trading Signals for Thursday, August 9, 2012

Hi,

It seems your long position on the pair EUR/USD must be going strong if you had followed my yesterday post. You must be earning a good pip on that one; or you must have already earned a great deal depending upon the size of your deal.

The mood of the market seems a little confused right now. So, I am refraining from getting into it, except for the one that is already open. In order to save our capital from getting negative, I would suggest moving your stop loss to the opening level of the order once the pair would surpass 1.2401 mark.

However, my revised entry orders remain as follows:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
5. XAU/USD : Long at 1597.4 with stop loss 1592.4 and take profit at 1612.4
6. XAU/USD : Long at 1587.4 with stop loss 1582.4 and take profit at 1602.4
7. XAG/USD : Long at 27.70 and 27.50 and take profit at 30.0 and a stop loss as per your margin capacity