My Trading Journal: sell

Showing posts with label sell. Show all posts

Trading Signals for EUR/USD on Monday, January 13, 2014

Hello people,

I know I have been absconding for a long time, a month to be precise. But I can explain that. I have recently got a lot of projects and therefore I am really short of time to post real analytical posts here. But nevertheless, I have always been efficient in posting the deals that I open or close on my twitter.

So, I have not been inefficient in coming up with the signals, but yes I have been less proactive in coming up with the analysis.

So, now today that I have some time in hand, so I thought of writing down few analysis for the week.

Firstly, talking of my favourite pair, the EUR/USD. So, it has been a while that it has not fallen like cats and dogs, so a fall is pretty much anticipated, for sure. But in the right now current scenario, the trend seems a little unclear. I mean looking at my favourite time graph, 4-H chart, I am clueless. It might go up, or it would come down falling. Therefore, in this state of uncertainty, I am going slow and steady. My signals for the day for the pair are as follows:

Sell EUR/USD at 1.3701 for a profit of 20 pips, and no loss for the time being. Though I do not recommend this for anyone inexperienced, cause it requires a basic and firm understanding along with a good sizable amount of margin.

Now coming to the glittering Gold, I strongly feel that it is going to crash anytime soon. I therefore recommend selling it for sure. So, I have put in 2 deals for the same, both of low risk low reward strategy.

So, here I have 2 short deals for Gold, one at 1246 and the other at 1251.

For both I have no set stop loss, and the profit is 5 pips. Thats it.

Hope it helps; if any update happens, will surely update on twitter.

Thanks and have a good day.

Trading Signals for EUR/USD on Tuesday, December 17, 2013

Catalina Island Sunset - Bird on Boy's Nose (Photo credit: StockCoach)

Hi, The Sell deal that I opened yesterday is still open. I do not have much time, so just putting my signals for the day quick.

Sell EUR/USD at 1.3801 for a profit of 50 pips and a profit of 150.

Also, with the last deal at 1.3751, the stop loss can be removed, else keep it if it freaks you to remove.

Good day and happy trading ahead.

Trading Signals for EUR/USD on Thursday, August 22 2013

Motion of the free-fall with air drag (Photo credit: Wikipedia)

Today seems to be the day which I was awaiting since a month back. The market showed some beautiful free fall.

Today's day is full of events, and all of them have the capacity to bring path breaking twists in the EUR/USD pair.

The ones announced till now where all pertaining to the Euro zone. Out of them the data of France turned out to be negative for the zone. That caused the first fall for today for the pair.

Whereas the one for the Germany came out pretty positive, that pulled up the pair creating today's high till now at. 1.3364.

But unfortunately, even the overall positive data of the Eurozone could not bring up the pair up. Since last 1-2 hours, the pair has been dropping with a gained momentum.

The trigger for the same effect could also be due to the pressure and uncertainty of the release of the data related to the Unemployment claims of the U.S.A. This data is about to release in an hour and a half from now.

I am eagerly waiting for the data, just like so many traders all over the World.

Naturally since I am so heavily stocked with Sell deals, I want the pair to fall and fall so that my account gets a lot of profits.

As of now my open deals are the same as they were yesterday.

Till the data gets released, I am going hopeful with the 4H chart that I have attached below. It makes me believe that the much awaited fall of the pair and the strengthening of the Dollar has started.

Till then enjoy and make some greenback.

4-H-chart

Trading Signals for EUR/USD on Thursday, Aug 8 2013

Yesterday, I had a little doubt that the EUR/USD pair might extend its gains and cross the 1.3351 levels.

Today it seems that those fears of mine got true. The market not only reached those levels, in fact it surpassed it and reached till 1.3368 levels creating that as the highest of the day till now.

It seems that the market is no mood to come down. Since yesterday there have not been major announcements which could create a devastating effect to the market, but still the market went high yesterday as well as the day till today.

Though there have been few important news and announcements in the meanwhile, all have been pro Euro and therefore the market did go North because of that.

But I cannot stop from believing that it has to come down in a big way. I know it has not been in this week. But it is about to happen in a day or two. Today is Thursday, so if not today definitely tomorrow; and even if not in this week, then definitely definitely in the upcoming week.

I am more of a long term trader, hence I am so hell bent on the pair going down South.
I have attached the proof for my point of view at the end of this post. Do check it out; it is the candle chart of the weekly time frame. A mere look at it will prove what I believe in.

Now a little update on my open trades as below:

3 Sell Trades at 1.3201
1 at 1.3251
1 at 1.3301
1 at 1.3351; yes, I could not resist the urge to not sell anything at this price point.

There is one announcement related to employment figures of U.S.A at 12:30 pm GMT.
This particular piece of information could turn out to be the game changer.

Since the figure is related to unemployment data, hence if it is a huge number as compared to what is expected, then the greenback would drop, and will zoom if not.

I am just eagerly waiting for the figure to come out, will update the outcome tomorrow.

If I had little more money in my account, then I would have sold another one at 1.3401; though that seems very unlikely in the current scenario.

Till then enjoy and take care.

weekly-chart-EUR-USD

Trading Signals for EUR/USD on Wednesday, Aug 7 2013

Today it was not much of a movement day. Therefore, I went lazy with my post for the day. The news till now that somehow managed to create some ripples during the day was of the data related to the German Industrial production. It came positive, therefore the market took an U-turn from its bearish journey and within minutes jumped from the low levels of 1.3267 to a high of 1.3324.

The other upcoming announcements for the day include the data concerning the Crude Oil Inventories and the 10 year bond auction. Both of them cannot create much action since their release has both growth and inflationary implications.

So overall the day has been inclined more on the bullish trend. But somehow I am still holding on to my intuitions which tell me that the strong drop in the EUR/USD pair is just about to come.

Everyday I just keep expecting the same but to be frank that day and time has not come yet. The only way to test my hunch is to wait and watch.

I know I can do that, but with me doing nothing is something close to near impossible.

Hence, I have attached a daily chart for the pair which will kind of prove my intuition.

There is not much technicality or any complex indicator, rather 2 straight lines. One connects the highs and the other the lows.

Also, I am not going into details of getting into the use of the Dollar Index as an indicator. But in case you do, it will help.

BTW, the status of my open deals is the same as it was yesterday.
5 open deals, currently in losses.

No, I have no margin to open another Sell entry at 1.3351. But if in any case the market touches till there, it would be nice to open one there.

But I would not, because I cannot.

I will update the outcome of my account tomorrow.

Till then enjoy and take care.

Daily-chart-August-7-2013

Trading Signals for EUR/USD on Tuesday, Aug 6 2013

Hello,

I know I am late to post today. But what to do the market is not showing any great moves since past few days. It is rather moving side-ways with no major trend formation in either of the directions.

I therefore waited the whole day for the Trade Balance data from the U.S. It was the only major news for the day; the others being less important than this one. The data on Trade Balance released about an hour back, and it was mighty positive. I therefore feel that the market should come down now.

As it is it has been stuck between 1.3350 and 1.3151 levels since past one week. Although it has not touched both these levels as well, just lied wavering between these two ranges.

So for the last week and this week has been not very trend setting for the EUR/USD pair.

It has not made any impact forming trend. I mean it has seemed to be going nowhere till now.

I just feel with the release of the Trade Balance, it should form some definite trend by now.

Also, there is one more significant news pertaining to the U.S economy is about to come in another 5 minutes or so. It is the one regarding the Job Openings and Labor Turnover Summary (JOLTS). This one excludes the farming industry data.

If this one also comes out positive, then the market should be forming trends downwards; which in any case I have been anticipating since the past week.

By the way, talking of signals for the day – I have not come up with anything new.

I just stuck with the one I came up yesterday. Hence, today a deal got auto-opened at 1.3301 levels.

Hence, my trading account has 5 open Sell deals today.

1 at 1.3301
1 at 1.3251
And 3 at 1.3201. Of course all are in losses except for the one that opened today.

Hoping to see some positive action now, till then have fun and enjoy.

Trading Signals for EUR/USD on Monday, Aug 5 2013

It is Monday, the fresh start of the new week of this month. But interestingly, this is the first Monday of the month.

This beginning day of the week generally remains an extension to my weekend mostly. Generally, I do not get into active trading on this day. I prefer to stay away from taking up any sides and rather wait for the solid trending patterns to form, on which I act upon the following days of the week.

As far as the day has been, it has been a rather sluggish one. The market rather moved side-ways and did not show much movement in the either directions. Though in the last one hour, it has been falling slowly. I hope it remains that ways, cause then only it will prove beneficial to me.

I have 4 deals open right now. 3 at 1.3201 and 1 at 1.3251.

As of now all are in losses. Due to the insecurity related to the market I am happy with whatever is there in my account right now. As I said, I will take a call tomorrow.

But whatever position size I open at whatever price, I will definitely do that in the Sell direction. I personally do not see the market going any time much up now.

Also, the major news and announcements for the day till now have not been really great. Though, there is one big announcement coming up in an hour and half from now. The news is regarding the manufacturing data from the U.S. If that comes out positive, the definitely the market would be pulled down, and the converse will happen in case it comes out negative.

As I always say, I got no clue what would happen. But I can come up with a trading plan accordingly. Though my equity is stuck because of the 4 losing deals, but I can still afford a small Sell deal at 1.3301.

If in any case the market seems to be going up and above, then this entry deal will get triggered. Buts seriously I cannot afford anything more than this.

Let us see what happens next. Till then take care and keep trading.

Trading Signals for EUR/USD on Friday, Aug 2 2013

Today is the first Friday of this month of August 2, 2013. So, as you would know it is a big day. Quite eventful it is; and why would it not be. It is on this day that the data pertaining to the Non-farm employment change is released.

It is the news that every serious trader waits for eagerly. Within seconds of its announcement, the market quavers haphazardly. It is that time of the day when a lot of traders all over the globe either make heavy losses or gain a handsome amount of pips in their currency trading accounts.

So, today when it released, a commotion in the market was but natural.

The respective data released at around 1 pm GMT today, and it triggered one of the set entry orders of mine at 1.3251, which I spoke of keeping as an entry order yesterday.

The data that came out today was less than what was expected. It therefore, pulled the market up and the pair recovered the losses which it had incurred during the last 2 days.

In the current scenario, the market is still in the gaining mode. As of the now, the highest that the market has made for the day is 1.3294.

So, in a scenario like now, there is nothing better than to wait for the market to show some stability, else the volatility in the market could work against a trader.

I have gained a handsome amount of pips since last week. Hence, I am not in any mood to destroy those.

Therefore, I am happy with my 2 open orders at 1.3251 and 1.3201 respectively.

Both are in losses right now. Just hoping that in the upcoming week, the losses in the currently opened orders will be erased and profits will take their place.

Just to mention, I also have an entry order, yet to be open at 1.3301.

I will update in the weekend, if in any case it gets triggered.

Till then, take care and enjoy the weekend.

Trading Signals for EUR/USD on Tuesday, July 23 2013

It is the second trading day of this week, and my entry order that I came up with yesterday, got triggered.

Luckily, there is no major news or announcement coming up today; hence there are no surprises for the day.

The EUR/USD pair is not on steroids today; hence no dynamic trends today. Therefore, any direction that it will take during the day will be stable and for longer duration.

As far as the signals for the day are concerned, I am still on with the ones I came up on my last post.

Apart from all this, there is some news that is worth sharing. There is one more forex broker that has come up with a demo broking paltform. If you have been an active trader, then you would know by now which one I am talking about.

Obviously, it is the Netdania. Yes, our very own Netdania, that provides us with their fabulous charts. Now they have come up with a broking platform, which they released in a demo format yesterday.

Also, they are asking for testing their broking platform, called Netstation. If you are interested, you can test it here. I am not really sure if I would go with their broking platform for trading in future, but as of now I am excited for them.

All said and done, their Charts are impeccable; I am sure what ever product they will come up with will be wonderful. Let me know your views on the same.

Till then enjoy and take care.

Trading Signals for Friday, June 21 2013

Hi,

It is so nice to wake up and post that another entry closed at a profit. Yes, the one that I opened yesterday, closed with the take profit levels that I had imagined.

It is Friday today, the last trading day of the week and with 3 deals closing in profits, I think I had my share of happiness for this week.

But considering the strength of the downward movement, I am still going strong with the trend.

Therefore, following are my entry deal(s) for the day today and further, till I post again:

Buy Eur/Usd at 1.3199 for a stop loss of 100 pips and a profit of 50 pips.

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

Trading Signals for Wednesday, June 19 2013

Hi,

A little update on the developments on my forex account. Yesterday, when I posted my last update, only a single entry had triggered on my account. But shortly after that, another Sell entry at 1.3401 also got triggered, bringing the current open deals to a count of 2.

And to talk of the current scenario, both the deals are open and none of them have hit the either ends.

Basically the market today remained consolidated, so it did not move the either side much. 1.3413 and 1.3385 were the ranges that the market touched today till this moment now.

The reason for this side-ways moving market should be known to any long term trader, it is because of the soon to be released FOMC statement.

It comes every now and then and brings about big changes in the market.

Now to come to practical part; if the market goes real up, I will lose 200 pips, but if goes real down, I will earn 100 pips.

As usual, I do not know which ways the market will move, but I am ready to handle both.

Happy Trading, and will update the results tomorrow.

Good Night

Trading Signals for Tuesday, June 18 2013

Hi,

Here comes an update on the yesterday's kept entry orders.

I am happy and sad both.

Happy because the Sell entry order at 1.3351 got triggered; but sad because the one at 1.3401 just missed being triggered by a mere 2 pips.

Had the second cover one at 1.3401 got triggered; then I would have earned my 50 pips for the day,\; making me earn the first 50 pips of the current week.

Now all my eyes are set on the one that is open. It will either shut close with a profit of 50 pips, or if the market goes up, which I feel is quite unlikely right now, then the deal might close with a loss of 100 pips.

I really do not know what would happen next, but I do know what I have done with the open deal.

I have rolled over the profit levels for the same by 2 pips, bringing the profit levels at 1.2999.

Now waiting for the deal to close, will update tomorrow whatever will be the outcome.

Happy Trading and a Happy Day !!!

Trading Signals for Monday, June 17 2013

Hi,

It is the first trading day of the week, and the time to make more profits.

I am viewing the daily, weekly, 4H and 1H charts all at the same time.

And all tell me the same thing, that the market is in for a crash any time soon.

So, to come up with the signals, they are as follows:

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

And to keep a cover :

Sell Eur/Usd at 1.3401 for a stop loss of 100 pips and a profit of 50 pips.

Will update once the deal (s) get triggered any time during the day.

Happy Trading and a Happy day ahead !!!

Trading Signals for Thursday, June 13 2013

Hi,

Yesterday I missed posting an update, no nothing great, I was just in my lazy lamhe moments yesterday. Though my trading was on. And since I was stuck with my trading signals that I came up with on the Tuesday, so I just skipped my posting job yesterday. LOL

So now coming up on the testing my signals part:

Yes, my sell deal opened at 1.3351 levels, and it is still open.

As a cover entry, I have kept another entry order at 1.3401 for the same, i.e., a profit of 50 pips and a loss of 100 pips.

Will update tomorrow the outcome.

Till then have a happy day !!!

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

Trading Signals for Wednesday, May 22, 2013

Hello,

I am up with my trading signals for the day. Considering my hunches for the last day, I am confirmed to act upon them today.

Yes, I am going in for the Sell deal at 1.2951 levels with a stop loss of 150 pips and a take profit of 50 pips.

Although my usual Buy deals at 1.2849 and 1.2799 levels are still on with a substantial amount of profits.

But since they have not yet reached the desired take profit levels, so I am still holding them.

Also a point to be noted is that both the deals have the same levels of Stop loss levels at 1.2749...

So if at all the market lies low till there, I will lose both the deals.

Hence, I have kept an entry order of 100 pips stop loss and 300 pips take profit levels at the 1.2749 mark.

Let us see together what happens next...

Happy Trading and a Happy Day ahead....

Trading Signals for Wednesday, May 08, 2013

Hi,

I am really sorry for not updating my journal before putting an entry order. It is the heat that is making me crazy, on top of it there was a massive power cut for 6 hours at my place.

Anyway these were my entry orders for the day:

Sell EUR/USD at 1.3151 for 20 pips, with a stop loss of 100 pips
Sell EUR/USD at 1.3201 for 50 pips, with a stop loss of 100 pips

Happy Trading and happy Summers!!!

Trading Signals for Tuesday, February 5, 2013

It is the second wait day for the open orders. Since, both the orders reached a certain threshold on the profits, therefore, the Stop Loss on each was moved ahead. The recent order is now on No Loss as stop loss and the other one is on Stop Loss of a mere 50 pips.

My strategy with the moving stop loss is simply moving the stop loss by 50 pips, the moment the order moves 100 pips. Since, with one of the open orders, the price moved 200 pips in the profit direction, so the Stop Loss with it became neutral (though it still carries the brokerage costs); while with the other it came down to 50 pips. It is because there was a difference of 50 pips between both the orders.

The market moved north today for the most part of the day, but now as we progress towards the US times, there seems to be a southward trend again.

As of now, I am still with the entry order which I mentioned in the trades for yesterday.

And for the current open trades, as explained above, in the worst case scenario, I would be incurring a loss of 50 pips.

The commodities are again showing a haphazard pattern, I am pretty firm with the policy of not getting into them till I get a firm signal.

So hoping on hitting the take profits on both the open orders as of now.

Happy Trading !!!

Trading Signals for Monday, February 4, 2013

It is the first day of the week, and also the second trading day of the month. The popular currency pair has seen a reversal, and moving towards a sell trend. The pair is constantly surpassing its lows, making newer lows since the day. As of now the 1.3574 is the lowest low, the market may rebound from here, one never knows. For the same reason, our stop losses are firmly in place. Though I have moved the stop loss for the entry that opened last, i.e. the one which opened with 1.3708. The profits on the same had surpassed 100 pips, so I lessened the stop loss by 50 pips, making it at 1.3758. So, currently both are orders are in green, and also both carry the same stop loss. Hence, if the market carries a wave against our trades, then one of our orders will make a loss of 100 pips, while the other a 50 pip, thereby lessening our loss by 50 pips.

In that loss making scenario, I am prepared with another entry order, which is as follows, if triggered, this will be the second order of the month.

2. Sell at 1.3758 for 300 pips, with a stop loss of 100

As far as commodities are concerned, there seems to be a bearish pattern forming, but I rarely go in for the same, so I am sticking to the strategy of wait and watch for both the Silver and Gold.

Happy Trading!!

Trading Signals for Friday, February 1, 2013

It is the start of a new month, and the end of the last week of the first month of the year. It is a crucial day, since the release of the most important data of the month is awaited. It is the Non-farm employment data that will be released today at 1900 hours IST.

Reviewing up the week's trade, I opened 5 trades as of now, out of which 3 have closed with a stop loss.
The outcome of the remaining 2 is awaited, the result of the same will be highly dependent on the data that will release in few hours from now.

Talking about the sentiments, I feel it is high time now that the ongoing bull run has to smash and give way to a bear trend.

I have placed entry order, and I strictly believe in the policy of keeping few trades, and I define few as 10 trades a month. So, from today, the count starts, which is as follows:

1. Sell at 1.3708 for 300 pips, with a stop loss of 100

In the current volatile scenario, trading in commodities is avoided, since they carry a big margin.

Happy Trading

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