Trading Signals for EUR/USD on Thursday, August 29 2013

I know I am too late for posting today's post, but again I am happy to update that today 2 of my orders closed with profits.

Of course, I had kept the rolling take profit for both, hence I ended up earning a little more than 50 pips that I initially intended to earn on each. That is how I earn back the lost pips in keeping a deal open for days, which get significantly lost due to broker commissions.


So, technically speaking, one of the deals closed at 1.3284 levels and the other at 1.3237.


Hence, the gains for the day today were about 110 pips, and that makes me happy.

Also, I did not see the financial news and announcements of the day. I only went by the chart patterns, and that indeed worked. Proof is attached in the end.

Now I am awaiting the rest of the entries, which is precisely 4 to also end in profits. 

I remember that at the beginning of the current week, I had 7 open orders in losses.

But since Tuesday, I have seen 3 of them closing down with 50 pips gain each.

Although I did lose some amount in Gold trading, but that is fine, I do not bother much for that, since the amount I lost was very minimal. All thanks to the strict stop loss philosophy that I comply with in dealing with commodities.

I know it is not a good time to mention the signals of the day when actually the day is ending; but since I devise signals in and around the time when U.K. market opens, hence the signals will actually stay useful. Though I apologize in advance for the same.

Sell EUR/USD at 1.3351 for a profit of 50 pips.
Sell EUR/USD at 1.3301 for a profit of 50 pips.
Sell Gold at 1435 with a stop loss of 1440 and gain of 1420
Sell Silver at 25.501 with a stop loss of 26.001 and gain of 24.001
Buy Gold at 1387.9 with a stop loss of 1382.9 and gain of 1402.9
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999

I seriously wish anyone reading these posts also earned few pips in his/her trades.

Till then it is a good night from me. Also, I am apologizing in advance for tomorrow. I will again be late to post tomorrow. I will be spending my day with a friend who is visiting my city. But all I can say is that the market will again be on a selling spree tomorrow. The attached Daily chart is the indicator for the same.


 

Daily-Chart-aug-29-2013

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

Related articles

• Citi rings the register on EUR/USD recommendation

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 Thursday, Aug 1 2013

Hello,

If anyone is actually following and practically doing what I suggest in my blog, then obviously you would have gained a lot many pips by now.

It feels great to see that what I expect to happen in the market actually ends up happening. It is not an overnight miracle, it is in fact my love and dedication towards the trading of EUR/USD currency pair, that creates such wonders.

Yesterday, I had suggesting opening a sell deal at 1.3301 and at 1.3251. Both of which actually opened at closed at profit levels too.

So, if you too did the same, then sure you too made profits just like me.

Of course that had to happen. Today’s day was full of volatility creating news and announcements.

In the initial part of the day, there was the release of the manufacturing data of Spain and Italy. Sadly, the data did not come out cheerfully positive. Therefore, it created a downfall on the EUR/USD pair.

Moreover, the Manufacturing PMI for the entire Eurozone as neither impressive, hence the downfall of the pair was quite predictable.

The downfall was further deepened when the U.S data came along the way.  Firstly the unemployment claims came out very positive. Since, not a lot of people filed for unemployment this week, so the dear Dollar had to gain momentum.

It did gain, and then the gains went really high when the U.S.’s manufacturing PMI data was released.

Hence, all the data that released today went into the favor of Greenback.

I do not know if the same downtrend will continue for the day ahead and tomorrow as well.

But what I do know is that I can keep my entry orders, which are as follows:

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.

I know that they look a lot similar to what I came up on yesterday, and also a lot in the week before this one. But that is ok.

Also, I am just updating that though one of my order at 1.3201 is still open and has not closed in profits; but still my account has a profit of more than 20%, due to deals opened at 1.3301 and 1.3251 closing in profits many a times.

This video will explain more...

P.S.: My previous channel got scraped by Google...

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, July 18 2013

Hello,

Another update on my withdrawal - My money is initiated from my broker and it should reach my personal account any time soon. Normally it takes 2 days for an entry to be seen as a credit in my account; after it has been released from my broker. So, today will be counted as the first day.

Hence, I should be back to the trading circuit on an active state from Monday or Tuesday, most probably.

I say Tuesday, because till Monday my mother will be at my place, so till the time she is with me, I would like to be off my computer and trading. So, from Tuesday, I will be wholly into practicing what I preach here.

OK, so now moving ahead towards the market sentiments; as I had posted yesterday, the market is up for a big turn down South. And that is well testifying, for the same you just need to look at the charts.

As I see the 4H chart, I feel the market will touch further down.

Hence, the recommendations are as follows:

Sell EUR/USD at 1.3101 for a profit of 50 pips, and for the time being no stop loss.

In case the market does not touch the take profit levels; but further brings in higher highs, then you can go with cover orders with the same principles.

But as I envision the market right now, I feel it has the potential to go further down from here.
Also, it is indeed worth mentioning that there are some really major announcements coming up at 12:30 pm GMT hours onwards that will create huge impacts to the EUR/USD pair.
One is the US unemployment claims and the other is the announcement by the Federal Reserve chairman Ben Bernake. Both these announcements will together bring a huge impact to the overall market and the currency pairs, since the involved currency is the USD.

As far as my experience goes, it will turn the pair down South, creating a huge strength for the USD.
But obviously I cannot be right all the time, I will update once the market does what I feel for it today, till then you enjoy and take care.
Happy trading and a happy life.

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 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 Thursday, June 27 2013

Hello,

The things are getting back to normal now.

I have moved my account to a lot of recovery since yesterday, mainly due to scalping.

I promise to talk about this more in this weekend.

But otherwise, there is also a good news otherwise.

One of my Buy deal at 1.2999 closed with the take profit of 50 pips.

That was indeed a savior deal. That was one big deal that ended up in profits.

Now coming to the as of now scenario of my forex account:

I have a Buy deal at 1.3049 open, which is still open in losses.

Otherwise, there is another limit order kept at 1.2949, as suggested on my last update, which I have not altered. 

So, just waiting for the open order at 1.3049 to end in profits.

Will update, once it either ends in profit or losses.

And yeah, will update my scalping strategy by the weekend.

Happy Day ahead....

Trading Signals for Thursday, June 20 2013

Hi,

I am so excited to post that the Sell entries that I suggested opening on Monday have closed with a profit.

So, now my forex account is up by 100 pips.

Yesterday, when I updated my blog, I was not sure whether my deals will close that day itself or I had to wait for a few days more to see the profits. But luckily they did end in profits yesterday itself.

Also, to lock in the set and desired profits, I had rolled in the take profit levels by few pips so as to take care of the lost dollars in the broker commissions.

Any way, now the way forward; after witnessing the strong fall yesterday, I am expecting a further fall, hence my signals for the day are as below:

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

And I am excited to know if any of you also made profits like the way I did yesterday. Just leave a comment.

Regards
Aditi

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 Thursday, June 06 2013

Wow, another day and another closed deal on a profit.

My long deal on 1.2799 closed with 300+ pips at 1.3119 levels.

Now my cumulatibe profits since last month's 17th are 575 winning pips, and yeah not a single losing pips.

I think that is great.

Now coming to a round up on my open pips.

The long one at 1.2849 is still going strong. I am a little confused on that one, cause I suspect the market to go down now as the US Non-farm payroll data arrives tomorrow; and that could cause the market to behave shaky and unpredictable. Although if I was asked to take a guess, I would have replied, I really do not know. It is so because there seems to be a clash between the 4H and the Day chart and the Week and month charts.

Tomorrow only I would be able to come up with something. Considering my 575 pips gain, now the market is allowed to go anywhere, cause it wont make much of a difference to me. Both the directions will make me gain more. LOL. I really got nothing to lose.

Following are the Entry orders waiting to be triggered:

Buy EUR/USD at 1.2949  and Sell at 1.3151.

Happy Trading....

Trading Signals for Thursday, May 30 2013

Hi,

I am really happy to update my blog today with this post.

I had mentioned in my earlier posts that I had kept 2 sell orders of 50 pips profit at 1.3001 and 1.3051 levels.

I am happy that the one at 1.3001 levels closed with a take profit.

Though the one at 1.3051 levels is still on.

So, from now even if the market goes down or goes up, I will be profiting in both the scenarios.

As I have already made 150 pips of profits in the last 15 days.

Just giving a round up of my entry orders as follows:

Sell Eur/Usd at 1.3101 levels for 50 pips in profits and 150 pips in losses as of now. I might make rolling take profits and stop losses if the market trend changes from upwards to downwards.

Apart from this one, I still have the long entry order at 1.2749 levels for 100 pips in losses and 300 in profits.

Also worth mentioning is that I have moved the stop losses from both of the existing long entry orders to the levels where the deals started, respectively at 1.2849 and 1.2799 levels. So this way I am not in for any losses from these long orders.

Wish I get more and more profits from my 3 deals that are open right now.

Hope the same for anyone who is trading right now.

Happy Day ahead!!!!

Trading Signals for Thursday, May 23, 2013

Hi,

Looking at my open trading positions today, I can clearly see that I am up for a loss on either or both of my long positions.

Luckily, I had open an inverse Sell entry; with that half of my losses will be recovered, bringing my sum total of losses to a mere 50 pips.
Though the entire losses would have been erased had I taken a bigger take profit levels on my Sell position. Anyway, that does not come in my usual strategy of trading, so I did not go with it.

And now talking of the current facts, as of now my trades are saved. If the market goes low till 1.2749, then in that case I will only have 1 buy order; which is more likely considering the stochastic positions on the 4 Hr charts.

So, I will talk of the strategy at the time when my deals will close, right now I am happy that in a worst case scenario I am only in for a 50 pip loss from my principal equity amount, instead of a regualr 200 pip loss associated with 2 entry orders. 

Happy trading !!!

Trading Signals for Thursday, May 09, 2013

Hello,

I am posting today to update that my entry order on EUR/USD has closed with my choice of take profit levels.

That is it, and those of you who have been late in acting on my advise on the May, 2 can still act on it, latest by today. It is because from the coming day the Gold rush is going to begin, especially amongst the people of India who happen to be the biggest Gold buyers, and the Akshaya Tritiya is the day when the Indians all over do Gold buying. And that day happens to be on the Monday, 11th May.

So as per the trading days, you only have time till tomorrow, pack all the Silver and Gold as per your margin and make the most of the bling...

Stay rich and keep on trading...

Trading Signals for Thursday, May 02, 2013

Hi,

Just wanted to update that both my trades that I had opened yesterday had hit the desired profit levels, bringing my cumulative Take Profit levels to 50 pips.

Right now I only have one entry order for the Silver at 22.900 levels.

Hoping that one to hit today, although there is none on the Eur/Usd.

Regards
Happy Trading !!

Trading Signals for Thursday, April 11, 2013

Hi,

I want to apologize for not posting yesterday. I updated one of my entries and also opened 2 new ones as well. But just could not post it yesterday.

So, now I am here to rectify that mistake of mine.

Firstly, my first opened long entry crossed the 300 pips mark, therefore, I moved the stop loss to 1.2849.

Hence, in a worst case scenario my loss would be a profit of 100 pips.

Also, since the 300 pip mark was crossed and also the Stochastic studies showed that the Day chart has been on the overbought area for quite some time, so I ended up opening 2 really short short orders.

They are 2 in all, one at 1.3051 and the other at 1.3101.

Both had a stop loss of 150 pips and a take profit of 50 pips.

P.S: Since the latter opened one at 1.3101 crossed the 50 pips mark and the daily Stochastic is still in the over bought region, I moved the take profit for this particular entry to another 50 pips at 1.3001.

So, as of now the the Take Profit levels for both my "Short Short" entries is at the same level of 1.3001.

Please note that the Stop Loss for both the new short entries is not relaxed, it remains at the same levels of 150 pips for each.

Regards
Aditi

Trading Signals for Thursday, April 04, 2013

Hi,

It is my first post for the current month of April. Also my first post since last 8 days in a row.
And if you have been following my trading pattern along with the market, then you already know what made me post today.

Yeah, today in so many days my account has seen some activity, and that too in a positive stride.

Firstly, after the release of Unemployment claims data of the US, the market went down only to zoom through creating the trigger of opening my entry order at 1.2749.

Also, it is for the first time that I am about to roll over my stop loss for the same order in just a span of 12 hours.

I had almost rolled over the stop loss to the same opening level, but fell short by 1 pip. The market as of now has only touched the 1.2948 levels. Had it surpassed the 1.2949 mark, I would have made the stop loss at 1.2749. That would have made no loss on the same order. The logic is simple, for every 100 pips, I move the initial stop loss by 50 pips.

Also, the earlier opened long order of 1.2799 has also seen a shift of its stop loss from initial levels of 1.2699 to 1.2749, since the levels crossed the 100 pip mark for this particular entry as well.

Hope this is the end of the bear run for sometime at least, or till the time I recover from my losses.

Happy Trading and a Happy Life!!!

Trading Signals for Thursday, March 14, 2013

Hi,

Today only I realized that I am posting after a gap of more than a week. I am sorry, but I really cannot help it. Whatever I do, I only think of 8th of February only as the date of reference. I know there is absolutely no point in doing that, but still I cannot escape from my mind, that always blames me for my father's death.

Anyway, getting back to the business of trading, I ended up posting today because I realized that another long entry of Eur/Usd ended up in a loss. Though, in a half-loss, since it had crossed the 100 pip mark.

So, my last order entry was another in the list of losses that I have been accumulating since the date of my father's death. Exactly 8th of February was the day when I had a good profit, and I had then never realized that that particular day will always remain a day of loss and extreme grief for me to bear all my life.

Please forgive me for always drifting to the dark side of my personal life; and please have a look at the following:

I am currently having an open long order on Eur/Usd at 1.2949, with the stop loss of 100 pips, and a take profit of 300 pips.

Further, these are the entry orders placed at my end:

Buy EUR/USD at 1.2899 for 300 pips, with a stop loss of 100 pips
Buy EUR/USD at 1.2849 for 300 pips, with a stop loss of 100 pips 

Happy Trading and please do not die !!

Trading Signals for Thursday, February 14, 2013

I know I was supposed to post....but just could not, my father died...dont know when will I post again....