Trading Signals for Wednesday, April 23, 2013

Hi,

Just a few time back I thought that the market was about to drop down and may be, just a little may be my entry order at 1.2899 would get triggered. But that did not happen, till now in this week it has not happened.

Anyway, my entry order is set for the EUR/USD pair, all I need to do is wait for the right price entry to get long for the pair.

Also with my other trading broker, I am heavily into going long on the Silver. Since, the Gold requires a lot of margin and hence the capital for that, so I have not entered into it, though starting from the second week of the coming month, it is set to speed up North for good. The upcoming Akshaya Trithiya plays a major role in that.

But I am staying away from that metal and instead with the Silver, more so because my other broker, mainly Bforex asks for a very little margin for trading in that.

Anyway, Happy Trading !!!!

Trading Signals for Wednesday, February 6, 2013

Hi, the reason why I get to post this late in the day is because I did not open any new trade. I am still on the wait and watch mode. The market seems to be ranging, therefore no fixed movement is seen in the markets, in neither of the direction.

The status is same, in the open trades, I either make a maximum profit of 600 pips, or I lose a maximum of 50 pips. In a probable scenario I could also make a profit of 300 pips and a loss of 50 pips, both together.

But what is going to happen, I do not have an idea, but looking at the daily charts, I am more likely to incur a minimum of 300 pips as a profit. I do not know; all of us will get to know probably by the end of this week.

The commodities seem to be developing a bearish patter, as I had guessed 2 days back. Though I am suppressing the urge to buy any of them. I would look into them only when my EUR/USD deals get closed, or the Gold goes below the 1650 mark.

Happy Trading!!!

P.S: If I end up not trading any deal for tomorrow, then I would not post a blog.