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 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 Wednesday, November 20, 2013

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!!

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

As I had posted yesterday, the Dollar strengthening would ease a bit for a while.

And today it did. In fact, today the Dollar Index showed some losses.

I have attached a picture as a proof for my prediction.

Also, my long EUR/USD deal at 1.3149 opened, and is currently in profits. Just waiting for it to gain 50 pips.

Now, coming for the day's signals. They are as follows:

Sell EUR/USD at 1.3251 for a profit of 50 pips.
Buy EUR/USD at 1.3099 for a profit of 50 pips.
Sell Gold at 1436.1 with a stop loss of 1441.1 and gain of 1421.1
Sell Silver at 25.501 with a stop loss of 26.001 and gain of 24.001
Buy Gold at 1384.9 with a stop loss of 1379.9 and gain of 1399.9
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999

dollar-index-4-sep-2013

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Trading Signals for EUR/USD on Wednesday, August 28 2013

Silver balls (Photo credit: play4smee)

I do not know if I will get time to write a big post today, so getting straight and minimalistic.

Firstly, as I had come up with signals yesterday, out of that only the Short entry for Gold triggered. Also, it ended up in a loss, yeah it hit the stop loss.


Today again I am optimistic on a lower trend for the EUR/USD and the way dollar is strengthening I am pretty sure that all my loss deals, as of now 6 will turn positive soon. 


I only have time to stick my signals here, which are as follows:


Sell EUR/USD at 1.3401 for a profit of 50 pips.
Sell Gold at 1443.8 with a stop loss of 1448.8 and gain of 1428.8
Sell Silver at 26.501 with a stop loss of 27.001 and gain of 25.001
Buy Gold at 1403.6 with a stop loss of 1398.6 and gain of 1418.6
Buy Silver at 23.499 with a stop loss of 22.999 and gain of 24.999

I will update on my twitter in case any of my deal opens or closes.

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Trading Signals for EUR/USD on Wednesday, August 21 2013

I'm Not Trading (Photo credit: Wikipedia)

It has really been a long vacation for me. I am updating this blog after a week. I had intended to take a vacation of 3-4 days, but with the event of my anniversary and then Rakshabandhan, I went overboard.

Within this time frame, I did update my twitter on the happenings of my trading account.

Looking at the market now, it seems that the EUR/USD pair is struggling to reach the maximum levels in the upward direction.

It has touched the 1.3452 levels in this week. As I was off trading in the regular and active way, so I missed out on the opportunity of putting a short deal at the same level. Therefore, I made up for the lost opportunity by doing some scalping.


Just now, the home sales data related to the U.S.A released. Luckily it turned out positive than what was expected.

This could mean strengthening of the Dollar. If that happens, I will make a good amount of profit.

Further the upcoming news of today if turns out positive, will boost more for it.

Anyway, currently I am in huge losses. The following are my open Short losing trades:

3 at 1.3201
1 at 1.3251
1 at 1.3301
1 at 1.3351
1 at 1.3401

All of them have a take profit level of 50 pips, and no stop loss.


I promise that from tomorrow I will duly update my blog.

Till then enjoy and have fun.

Trading Signals for EUR/USD on Wednesday, August 14 2013

Silver balls (Photo credit: play4smee)

Today again I delayed in updating my blog, only because I was waiting for some hard-core action to happen with my trading account.

But sadly nothing happened. The status is same as yesterday. 

Neither any open deal closed, nor any entry order opened.

Though I was expecting the entry order in Gold to open, but actually the market did not go that low, which in fact is a good sign. It means that the commodity market is in for a recovery.

Today there were many announcements related to both the Eurozone and the U.S; but none of the news created a path breaking effect on the currency pair.

One of the news, related to the Department of Labor of the U.S came out very negative, that has in fact pulled up the EUR/USD pair.

But the pull seems not very significant. I say so because the maximum difference between the highest ask and lowest bid of the day has been a mere 30 pips.

That just means that there is still a lot of scope for the pair to move in either direction. But I am a little skeptical of the same.

That is because I do not see any strong news coming up in the next 18 hours. Also, tomorrow happens to be a kind of holiday for the Eurozone. That means that there would not be much activity coming in from there which could create a more or less no movement. Though if any major event happens in the U.S. financial market, then probably the pair could tumble down.

I do not know what could happen tomorrow.

Also on the personal front, I am off for a 3 day holiday from tomorrow. It is my husband’s birthday on the 17^th and tomorrow happens to be the Independence Day of my nation, so I am travelling to my mother’s place for an escape and celebration in this holiday time.

Till then I am keeping the following entry orders, since I think I will have no time to check my account, so I am going a little less aggressive. I therefore, have also added Silver. So now I am back to trading on the commodity market too. My entries for the entire week are as below:

Sell EUR/USD at 1.3351 with a take profit of 50 pips.

Sell EUR/USD at 1.3301 with a take profit of 50 pips.

Buy XAU/USD at 1295.4 with a stop loss of 1282.9 and a take profit of 1332.9

Buy XAG/USD at 20.499 with a stop loss of 19.499 and a take profit of 23.499

If my account goes through any updates I shall update my twitter, or if I could manage some time, I shall update things here.

Bye and enjoy.

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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 Wednesday, July 31 2013

Today happens to be a big day. In fact, the goodness of the day has already started.

Good because my entry order at 1.3301 not only got triggered, but also closed with a profit.

So, that becomes 2 closed orders with a 50 pips profit in each, which amounts to 100 pips in profit for this month.

If you have noticed, I had started trading from the Monday July, 22. Hence, if I come to analyze the profits, it is about 20% in a time frame of a mere 7 days.

I think that is great, so if you are reading and following this, you know you are at the right place.

Now I come up to the happenings for the day. Well, it has been an interesting day.

There has been a lot of news for the day, which has already created enough ripples for the day.

All round the day there were news from the European Union, mainly from Germany and Italy on the unemployment changes. Both were positive, meaning that the unemployment was lesser than expected. Moreover, the overall unemployment rate has gone down for the entire Europe.

The announcement of this news therefore created positive effects on the EUR/USD pair, meaning that the pair went up. It went up till 1.3300. But in my account, I could not Sell another entry at 1.3301, the market did not reach till there, just missed it by a single pip.

But I am still on with another Sell entry order at 1.3301 for a profit of 50 pips. If this one triggers, then that would be my second entry at the same level.

The news and announcements for the day are not done yet, there is more coming up. 

The prominent one being the Non-Farm Employment change at around 12 pm GMT.

There is one more at 6 pm, which is the FOMC statement. Both the mentioned upcoming news is related to the U.S, and will definitely bring a massive change in the markets.

I really do not know what will be the effect of this news, but I am ready to face it with the signals as below, though much has not changed in my signals since last week.

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 good bye and stay cool.

Trading Signals for EUR/USD on Wednesday, July 24 2013

Hi,

How are you guys. Hope you and your currency trading is both doing wonderful.

Now talking of the market, it did not move much on the last trading day. The entire movement of the market was of 75 pips yesterday. If we analyze the candlestick that formed yesterday, it was of blue colour, suggesting a strong Euro movement.

As I posted earlier this week, the market seems to be returning to the strengthening of the Dollar is proving correct now. Well, well when am I wrong when it comes to predicting the market concerning the EUR/USD pair.

Moreover, today the market is predicted to show some fast paced action. This gets confirmed when you look at the upcoming news and announcements for the day. The entire day is packed with news flashes from the European Union and the U.S.A.

Just for the purpose of sharing the information, European news will start flashing from 7 am GMT, which is any time now; up till 8 am GMT lasting for about an hour.

I am sure it will propel the market to either direction. Therefore, I am strongly against scalping for the day. You will have no idea where the volatility of the market could lead in the wake of such major announcements.

Up further in the day, there will be announcements from the U.S.A. They will be announced at 1 pm GMT. Particularly, the Manufacturing PMI and the New Home Sales data are of major concern. They both will definitely move the market in a big way.

Hence, I come up with the following signals for the day:

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.

Also, the Sell entry at 1.3201 is still going strong. Although, I have moved the take profit levels so as to minimize the broker commissions.

Will update once the market shows the action, and it affects my trading entries.

Till then you take care, make loads of mullah and have fun.

Trading Signals for Wednesday, July 10 2013

Hi,

With a heavy heart I admit that my long entry at 1.2899 closed by hitting the stop loss at 1.2799. That makes a loss of 100 pips.

So as of now, my overall trading account is on a loss of 50 pips in this week.

The market went real low yesterday; the bears were on a active spree yesterday. This caused my long entry to close with a loss.

Do not know why the market is stuck at the low levels since so long. As I see the charts right now, since the 20th of June, the daily charts have been on a low. Now we are on the second week of July, and it is still stuck there.

Anyway, it is high time now that the market starts going upwards slowly. But when or how soon it is going to happen, that we need to wait and watch.

Currently, the market is moving side-ways; neither up nor down. That happens when the sellers and the buyers both are unsure as to what will happen next in the market.

Going by the Daily charts, market should move up anytime soon.

Also, when I see the news to be announced for the day, at 5 pm GMT, the FOMC meeting as well as the 10 year bond auctions will be announced. Both are high impact causing news. The effect of these could cause volatility and dynamism in the EUR/USD pair.

One should just wait and watch the upcoming moves in the market.

Now coming to the signals:

I have kept a by entry deal as a cover up for the existing at 1.2749 for a profit of 50 pips and a loss of 100.

Will post the outcome tomorrow, till then enjoy and have a good life!!

Trading Signals for Wednesday, July 03 2013

Hi,

Now comes the trading day of the week which promises to bring in some drama. Of course drama, considering that the past two days has been calm.

This upcoming tussle in the Eur/Usd pair is confirmed with the slew of important and high impact creating news that will be announced in the day.

So, now you know for sure that this day is definitely not good for scalping. If done, it is very probable to end up in losses as the market is bound to behave chaotic and dynamic.

Therefore, if not scalping, then it is the best time to go in for deals with bigger pips closing in profits.

Hence, getting straight ahead to the bigger pips strategy, I focused on my favourite 4H charts with my favourite indicators.

To me it seems that the indicators suggest that the pair is in for a low before it starts rising up again.

Therefore, I come up with the following entries:

Buy EUR/USD at 1.2899 for a profit of 50 pips and a strict stop loss of 100 pips.

Also, a little look on the important news coming today that could be effecting our trading as follows:

·         Unemployment claims

·         Non-manufacturing PMI

Hope you make some winning pips after reading this post.

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 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 Wednesday, June 05 2013

Hi,

I am again happy to post that my sell entry at 1.3051 closed with a 50 pips profit yesterday.

So, since 17th of last month I have earned 250 pips cumulatively.

But I am also sad since the long entry at 1.2799 failed to close in profits by just 6 pips today!!

Had it closed at 1.3119, I would have gained a whooping 300 pips more.

Anyway, looking at the current scenario of the market right now, I am not able to make out which direction it is going to go now. So, I am currently on the wait and watch strategy.

However, my limit entries are still on, which are as follows:

Buy EUR/USD at 1.2949  and Sell at 1.3151. Both the deals have a take profit of 50 pips, and a stop loss of 150.

Also, the open entries are as follows:

Buy Eur/Usd at 1.2799 and 1.2849, whereas, sell at 1.3051

None of them have achieved the take profit levels that I am expecting, so all are still open.

Happy Trading and a Happy Day !!

Trading signals for Wednesday, May 29, 2013

Hi,

I really got no time to even check my deals. But that is the great thing about smart and calculated trading. You really do not need to worry much, even when you are away from your trading desk for a long time.

The trading plan takes care of everything.

Just a little update on my deals:

The 2 long entry orders on 1.2849 and 1.2799 are still going strong. Hope they will do in the near future too.

The Stochastics for the 4 hours have touched the top North, but looking at the jolt of the upward thrust, I am not going in for the 3rd sell entry at 1.2951....

Instead I have moved the levels to 1.3001. So, if the market reaches till there, it should see a little fallback of say 50 pips downwards. So, I have a limit entry there.

Will get to know about the outcome tomorrow when I reach back home.

Till then, keep trading and keep smiling....  

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 Wednesday, May 01, 2013

Today I was not really in a mood to trade, but I ended getting into one. That was because I saw the 1hr, 4hr and Day chart at the same levels. All the mentioned time frames were at the extreme North at top, showing the Stochastics at 100.00 levels.

So, I ended up getting into a Sell Trade at 1.3178 with a stop loss of 100 pips, and a take profit of 20;
also another cover up order of 1.3228, with the same stop loss and take profit strategy.

Luckily, the trades sang in my direction, and I ended up making a profits on my cover deal, so I moved my stop loss on the same to the buy levels only for the same. Therefore, I moved the take profits level on the first trade to the same buy levels.

So by this methodology, the cumulative profit for both of my orders will be 50 pips....

Will update once that gets done !!!

Happy Trading...

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 !!!!