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.  

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

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 - 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 Monday, December 09, 2013

Deal with This (Photo credit: Wikipedia)

Hi, the last deal of mine I closed after gaining 50 pips. I updated the same on twitter.

So, now it is the new week and hence the time for a new deal. I am again in a mood for going short this week.

I therefore, have the following recommendations:

Short at 1.3701 for a profit of 50 pips as well as a stop loss of same amount of pips.

I kept such a small take profit, because the market has the capacity to reach higher than this, hence I will not ruin my chances of closing the deal at a loss.

Hence, I have kept a neither here nor there kind of a deal today. If the market reaches more heights in this week, then I will keep a bigger take profit. Then probably my short deals will open from 1.3801 levels.

Will surely update once I do the same.

Till then target is on this one.

Take care and keep trading.

Trading Signals for EUR/USD on Wednesday, December 04, 2013

English: Wednesday Market, 08:53 The market almost completely set up and some trading already taking place. North of 474142. Next 484542 (Photo credit: Wikipedia)

I love Wednesdays, because this day accounts for the entire action for the week. Especially when it is the first week of the month.

As I wrote on Monday, I still see a major shorting coming up.

I am still strong on the short deal at 1.3601. The stop loss at 50 pips and the profit levels of 150 are good to me.

So, I am still strong on it and I am waiting for the announcements for the day which include the news announcemnts of Non-manufacturing PMI.

That will be the moment when this particualr open deal will be put to a test.

Luckily, I am stringent with the stop loss, hence I will not lose much even if my signal turns the opposite way.

So, there is nothing much to do except doing the classic wait and watch.....

and I shall update the outcome tomorrow.

Till then, have a fun trading day ahead.    

Trading Signals for EUR/USD on Monday, December 02, 2013

Thanksgiving at the Trolls (Photo credit: martha_chapa95)

Hello after a long time. I actually took a break from trading due to the erratic movements of the market during the Thanksgiving.

I generally stay away from trading during such major events. The reason is simple. The anxiety in the market is at its peak, and therefore the signals do not come clear and appropriate.

I had gained some 132 odd pips in my account, hence I withdrew and did not indulge in much and took a kind of break.

But now, I am back to my daily business, and therefore the signals for the day are as follows:

Short the EUR/USD pair at 1.3601 for a profit of 100 pips and a stop loss of 50. A strategy to move the loss 25 pips once the profit inches 50 pips will be a good idea to gain more and loose less.

I go that way and earn, so can you.

I am in favor for the short side, because the Price action theory suggests so for my favourite 4 HR time frame.

Hope you make some pips and enjoy the first week of this last month of this year.

Cheers.