Showing posts with label loss. Show all posts
Showing posts with label loss. Show all posts

Trading Signals for EUR/USD on Monday, December 16, 2013

English: Orchard Trading Estate Business premi...
English: Orchard Trading Estate Business premises on Orchard Trading Estate near Toddington. (Photo credit: Wikipedia)
A quick update on whats happenning with my forex account. So, the last week I went shoet with 3 deals, one at 1.3701, one at 1.3751 and the other at 1.3801. The first 2 had hit the stop loss levels and luckily the last one gained a profit.

That means since last week I have been on a loss of 50 pips.

Now looking forward from here, I have again put an entry deal at 1.3751 to short for a profit of 50 pips and yet again a loss of 50.

Rest I will update on my twitter.

Happy Trading..
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Trading Signals for EUR/USD on Wednesday, December 11, 2013

Finance Tower - Tour des Finances - Financiënt...
Finance Tower - Tour des Finances - Financiëntoren Brussels 3 (Photo credit: historic.brussels)
Hi,

I am just updating that my last deal of shorting EUR/USD at 1.3701 on Monday closed when the stop loss at 1.3751 was reached.

So, now the signals are as follows:

Sell at 1.3751 as well as 1.3801. I am not keeping an stop losses for these, though I do not suggest the same for anybody. I have funded my account well, so I would not see it blown up any time soon.

But each one to his/her own; hence a stop loss of 50 pips for both the deals will be fine.

There is a reason for me to go without a stop loss today. As per me, the market has achieved the highs for a long time now, and any time soon it will see the reversal of the long trend. Hence, any time a shorting trend will begin.

I will update the outcome as soon as it happens. Till then enjoy and keep trading.
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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!!
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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. 


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Trading Signals for Wednesday, June 26 2013

Hi,

I know I am posting late, it is because I was again waiting for my entries to show something definite.

And that happened, my buy entries at 1.3099 and 1.3149 both hit the loss by touching the stop loss levels.

So, I am in a good loss this week.

My accumulated losses for this week now amount to 300 pips. I know that comes as a big one, considering all the profits that I made last 2 weeks, all have been wiped out.

So, the current situation of my account is as follows:

Open buy entry at 1.3049, which is as of now in a loss of 50 pips.

Another buy entry at 1.2999, which has just open.

Now coming to the action plan to recover the losses, I have kept another limit order at 1.2949 with a stop loss of 100 pips and a profit of 50 pips.

But apart from that, I am on with my humble resource of recovery from losses. Scalping.

Will talk about this later this week.

Till then I wish you a happy trading and a happy day ahead...


Trading Signals for Tuesday, June 25 2013

Hello,

Today I am posting late because I was waiting for my open trades to show some action, on the either sides.

And one of the open deals did show. So, I am here with the update.

It is sad because one of the deal, which I was scared of, did turn my scares into real and closed with the stop loss. I am talking of the deal that opened at 1.3199.

That made a 100 pip loss. Though I could have recovered 50 pips had my trade of 1.3099 levels had closed at 1.3151. But sadly the market turned back from 1.3150. That means I lost making 50 pips by just 1 pip mark.

Yeah, I know that is indeed sad.

So, now the summary is 100 pips loss for this week. If my 2 open deals at 1.3149 and 1.3099 close in profits, then my losses would be erased. Else, I will have to try really hard.

Hence, now I am exposed to a loss of 200 pips, or a profit of 100 pips.

Also, I got these few entry deals kept, which could trigger off if reached the desired levels:

Buy Eur/Usd at 1.3049, and Sell at 1.3201. Of course, both have a stop loss of 100 and a profit of 50 pips.

Will update tomorrow on my existing deals, or on the kept limit entry orders.

Good Night and a Happy day ahead !!!


Trading Signals for Tuesday, August 14, 2012

After the markets open yesterday, it seems a bullish trend is building up. Although the chances of a downtrend breakout cannot be ruled out. Therefore, entry orders should be kept with precautions, and never without a well thought Stop loss and Take profit.

Following are the following entry orders for the day:

1. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
2. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
3. EUR/USD : Long at 1.2309 with stop loss 1.2269 and take profit at 1.2429
3. EUR/USD : Long at 1.2279 with stop loss 1.2239 and take profit at 1.2399
5. XAU/USD : Long at 1595.1 with stop loss 1590.1 and take profit at 1610.1
6. XAU/USD : Long at 1585.1 with stop loss 1580.1 and take profit at 1600.1
7. XAG/USD : Long at 27.60 and 27.30 take profit at 30.0 and a stop loss as per your margin capacity

Trading Signals for Monday, August 13, 2012

Today a week has passed since I started writing this trading journal. All through the week; 2 of the 3 of my triggered deals ended up in a loss. That is fine since there was a firm stop loss at its place, which was never altered.

Looking at today's charts it is not so clear to gauge the direction of the market. Therefore, the trend cannot be established. However, following are the deals that can put in an entry mode.:

1. EUR/USD : Short at 1.2331 with stop loss 1.2371 and take profit at 1.221
2. EUR/USD : Short at 1.2411 with stop loss 1.2451 and take profit at 1.2291
3. EUR/USD : Long at 1.2209 with stop loss 1.2169 and take profit at 1.2329
3. EUR/USD : Long at 1.2109 with stop loss 1.2069 and take profit at 1.2229
5. XAU/USD : Long at 1605 with stop loss 1600 and take profit at 1620
6. XAU/USD : Long at 1595 with stop loss 1590 and take profit at 1610
7. XAG/USD : Long at 27.50 and take profit at 30.0 and a stop loss as per your margin capacity


Trading Signals for Wednesday, August 8, 2012

The bearish phase that I suspected on Monday, seems to be phasing up into a trend mode. the EUR/USD as well as the commodity pair seem to be going in for a downtrend. The orders are not much different from the previous day; they are more or less the same.

Hence, looking at the 1 hour chart and the subsequent long hour charts, I have come with the following entry orders for today:

1. EUR/USD : Short at 1.2451 with stop loss 1.2491 and take profit at 1.2331
2. EUR/USD : Short at 1.2401 with stop loss 1.2441 and take profit at 1.2281
3. EUR/USD : Long at 1.2289 with stop loss 1.2249 and take profit at 1.2409
4. EUR/USD : Long at 1.2341 with stop loss 1.2301 and take profit at 1.2461
5. XAU/USD : Long at 1592.1 with stop loss 1587.1 and take profit at 1607.1
6. XAU/USD : Long at 1582.1 with stop loss 1577.1 and take profit at 1597.1
7. XAG/USD : Long at 27.60 and 27.40 and take profit at 30.0 and a stop loss as per your margin capacity
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