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 Tuesday, August 27 2013

I am happy to post that my sell order which I opened at 1.3401 closed with a take profit of 50 pips at 1.3348.

So, now I have just 6 open sell deals - 3 at 1.3201 and 1 each at 1.3251, 1.3301 and 1.3351.

I suppose the market if reaches lower then, I would end up in more profits for the day.

As I had supposed in my last post, the market did end up stooping low.

Now, I again get a feeling that the market will go further down from now.

For the same reason, I come up with relative signals as below:

Sell EUR/USD at 1.3401 for a profit of 50 pips.
Sell Gold at 1425.8 with a stop loss of 1430.8 and gain of 1410.8
Sell Silver at 26.001 with a stop loss of 26.501 and gain of 24.501
Buy Gold at 1377 with a stop loss of 1372 and gain of 1392
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999


 Apart from that there is one important thing that I want to share. It is that one cannot fully go by the news and announcements that happen in the Forex scenario. They are important for any trading, but many a times they could show an adverse affect to the one that is expected from them.

Like for example the one that announced today. The German Info climate released its data today, which came out significantly positive. Naturally, one would expect it to have a positive outcome on the EUR/USD pair, as it means a positive affect on the Euro; but alas the announcement created a strong decline in the pair implicating a rather positive affect on the Dollar instead of the Euro.

Again the same thing happened just an hour back. The Standard and Poor data released which turned out to be positive. Naturally, it could have created a positive effect on the Dollar, but instead it caused the Euro to go up.

Yes, it is strange, very strange.

I keep observing such phenomena once in a blue moon, but today I posted about it.

That is the reason I give about 30% importance to forex news and announcements; and instead go strong with the charts and their analysis.

I hope anyone reading this understands the concept of trading better.

Till then have fun in trading as well as in living.

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Trading Signals for EUR/USD on Monday, August 26 2013

Apologies. I am way late for posting today's signals. I was stuck because my internet was not working.

Now since it is fine, I am back at it.

I am getting straight to the business. The U.S data today came out negative, leading to a strong pull on the EUR/USD pair causing it to make 1.3394 as the day's highest level.

As anyone knowing me would know, I am more of a Chart Trader; hence I am still optimistic and head strong on going short with the pair.

I have attached the 4-H chat that makes me believe that the market is due for a U-turn.

It clearly shows a inside pin bar which indicates a bearish trend for the pair.

I still have 7 open Short deals in losses; only if the market reaches till 1.3350; then at least I will earn 50 pips and have one deal closed.

Apart from that I have the following signals for the Gold and Silver commodities.

Sell Gold at 1421.6 with a stop loss of 1426.6 and gain of 1406.6
Sell Silver at 25.501 with a stop loss of 26.001 and gain of 24.001
Buy Gold at 1367.1 with a stop loss of 1362.1 and gain of 1382.1
Buy Silver at 22.499 with a stop loss of 21.999 and gain of 23.999

Till then, have a good day.

4-H-Chart-26-Aug-2013

Trading Signals for EUR/USD on Tuesday, August 13 2013

English: Crystaline Gold (Photo credit: Wikipedia)

Today I thought I would update my blog when another open short order would have closed in profits. But seeing the end of the trading day approaching on my time zone, I ended up posting right now.

Though, I have not yet gained anything in terms of a real gain; but the losses in my trading account have erased to a great extent. In fact, currently my account is positive. That means even if I close all my open trades right now, then also my account will be in gains by almost 100 pips. This is indeed a great feeling.

Whenever I see my account in profits like today, I feel so blessed....

Well today the market had to come down. The core retail sales data related to U.S.A came out positive. It dragged the market to lower lows within minutes of being released.

I hope anytime now one of my Short orders will close with a profit of 50 pips.

Till that happens, I have come up with the following trades for the day:

Sell EUR/USD at 1.3351 with a take profit of 50 pips. This is the same as yesterday's signals.

Also, since I have gained a substantial amount currently, hence my trading is comfortable to accommodate some commodity trading too.

I am starting with the lustrous Gold.

One can keep an entry order for Gold at 1311.4 for a take profit level of 1348.9 and a stop loss of 1298.9 levels.

Please note that it is necessary to stick to the stop loss levels for Gold, since not doing so could lead to losses.

Also, this signal for Gold is good only till 7:30 am GMT tomorrow.

I will come up with a fresh signal for Gold tomorrow, though the one for EUR/USD will hold true for the coming days in this week.

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

Till then enjoy, take care and keep earning.

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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 Monday, July 29 2013

Hello,

Welcome to the first trading day of the last week of the Month of July.

Here I am with another trading signal of the day.

As, I kept suggesting in the last week, the market is in for some downward movement.

As it is the market has been on the upside for the last 13 trading days.

I generally wait for 15 days at any extreme ends for the market to show a 180 degree turn.

Looking at the charts now, it seems that that perfect time has come when the 180 degree is anytime going to happen. Well, one just needs to wait and watch for that to happen.

Yes, I am waiting anxiously, with all my open deals at 1.3251 and 1.3201. Hopefully they both would end up with the desired 50 pips of profit by the end of this trading day, or if not by the end of this week.

I am still on with the same signals that I have been talking about in the last week.

I am re-repeating them 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.

Further talking of the news and announcements of the day, there are hardly any, except for the one at 2 pm GMT. It is the news regarding the US of Pending home sales.

It is an high impacting one, meaning it could lead the market way up or down.

The Home Sales in US has been declining for sometime; so if the today’s data releases it way down than the expected, then the market will show volatility and dynamism.

I know it could lead to a jostle in the pair, but that is one thing that leads to the movement of pips. It is this movement of pips that gives one the opportunity to make profits.

I will get to see that when the time comes, till then I shall wait and watch.

I have also updated the video showing the position of the market by the time I was writing this post.

I hope that teaches you a thing or two on analyzing the market’s moves for the day.

If you need to know anything more, just follow my easy to follow tutorials for a better understanding.

Till then, enjoy and live a happy life…

                                                Trading-Signals-for-EURUSD-on-Monday-July-29-2013

Trading Signals for EUR/USD on Friday, July 26 2013

 Hello,

Today it is the last trading day of the week. And here I am with another post.

The markets have still not started going down in the way which I had anticipated.

But nevertheless, they have not really gone a lot up too. So, in a way that is a good thing.

Yesterday, the market made a high at 1.3296 and a low at 1.3166.

And today it opened at 1.3274 and up to the time I am writing this post, it made the high at 1.3289 and a low at 1.3269. Today’s as of now high is lower than yesterday’s high and also the low is higher. By the end of the day, the market could either break both the highs and the lows or it would not. But whatever may happen by the end of this day, one should completely stick to his/her trading plan and strategy.

Now I move on to the major announcements and financial news of the day. Well, there is nothing really coming up for the day. I mean nothing worthwhile which could bring a major turn around in the market.

So, I am basically going strong with my open deals, one at 1.3201 and the other at 1.3251. That is because my entry order at 1.3251 which I had suggested as a signal yesterday got triggered.

As of now, I am only waiting for my existing entries to close in profits, and also waiting for the entry order at 1.3301 to get triggered.

But of course that will only happen if the market will go up and up; which seems very unlikely right now.

Hence, just wait and watch.

P.S: I have uploaded a video showing the Daily chart for today. It could give you some idea as to how I stay so sure with my signals and the trading strategies.

And do let me know if you need to understand anything regarding the EUR/USD pair.

Till then enjoy.

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, July 19 2013

Hi,

Hope you all are doing good, as well as your trading account.

Just a little update on my life - It is my mother's birthday today, and she has come over to my place to celebrate it. I baked my lemon cake for her and she loved it. So, as she is here I am actually off trading, that is in fact the reason why I had opted for a withdrawal in my account earlier this week.

Now moving forward with the updates on the market; as I had suggested yesterday, the entry at 1.3101 got triggered, went down till 1.3066 but not till the take profit levels suggested. Hence, it did not close.

Also, another cover order must have got opened at 1.3151. If that cover order would have opened, then it would close at profit at 1.3101 levels.

In any case, I suggest do not keep a stop loss; but you should only do that while maintaining a good margin.

The market has to pull down any time now, for sure. Therefore, going with Short deals will be of advantage.

In a worst case scenario, I presume the market would go up till 1.3201 levels, and if all goes well, it should return from then on.

Only if it breaks from there on to further up, I shall come up with a newer strategy, but just maintain a good margin with your open deals, and it will surely benefit.

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 Wednesday, July 17 2013

Hello,

Just a quick word update on my own trading - NONE.

I am still waiting for my broker to pass the bucks to my bank account. So, yes today is again a no trading day for me.

Really this withdrawal thingy takes a hug amount of time. 

Now, moving over to the market sentiments of the day; I sense that the market seems undecided for the day.

It is moving a little here and a little there. But ultimately it goes nowhere from where it started at the beginning of this trading day.

As you would know by now, my favourite of all is the 4H chart.

And that one is also not helping me come up with a clear cut signal for the day.

So, I would suggest sticking to the signals that I had come up with yesterday to be a better bet for this day too.

I would update on the outcome, once the market reaches to the level that I have supposed.

Also, I do not expect the market to show any clear cut movement in the either direction till 12:30 pm GMT, when a major announcement is due.

It is the Building permits of the U.S.A; that is one news that would pull or drown the pair along with the another one at 2 pm GMT; which is when the Fed Chairman Ben Bernake would come up with his signatory speech.

In any of the circumstances, I am up for the shorting sessions on the pair, so basically I am just going to wait and watch.

Till then enjoy!

Trading Signals for Monday, July 15 2013

Good Morning,

Welcome to a new week and a new trading day of this month. As I spoke about my account withdrawal in my last post, so I am off trading.

But then you would be wondering what am I doing right now here on my blog.

Well, well as any trader would know that trading is addictive.

Addictive just the way I am addicted to peanut butter; may be a little more or a little less, but definitely addictive.

So, basically I am trying to say that though I cannot trade right now, but I no one can stop me from not thinking about trading and consequently, coming up with trading signals. 

Hence the signals are as follows:

Sell EUR/USD at 1.3051 for a profit of 50 pips, and no need to put a stop loss (trust me);

and a cover up deal at 1.3101 with the same logic. (Trust me)

The market has been showing signs of going down since the last week, and not to mention that was just after the big dynamite leap up.

Well, that is the way market behaves, crazy, and it is this craziness that I love, cause that makes me earn.

LOL Till then you can laugh on that one and anything else that makes you.

Happy Trading

Trading Signals for Tuesday, June 04 2013

Hi,

Today I am getting straight to business, cause I have an appointment in 2 hours from now and I got to rush things.

Firstly, an update on yesterday's long entry order. No, as you know now that the one long one at 1.2949 did not trigger.

But the market did reach heights yesterday, but none of my long long entries close with a profit.

Though another 2 short short entries at 1.3101 and 1.3051 did open. Although I wanted to delete the entry one at 1.3051, cause I had seen the strong wave of market upswing, but I was late in doing so. Anyway, it is ok. Now that 2 each orders of same strenght in both directions are opened, so I am very very safe. LOL

Now coming to the right now scenario, the market seems to be in for a north direction, so I might get some profits on either or both of my short short deals.

Rest will update tomorrow.

Yeah the long entry order at 1.2949 is still existing.

Happy Trading a happy day ahead !!!

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 Monday, March 25, 2013

Today it is the first trading day of the last week of the month of March. Both my open long entries are on a profit, though the individual profits of both have diminished a bit.

There is almost a 100 pip loss from the last gain that I witnessed in my account in the morning.

I was a little late in noticing a little downtrend but nevertheless I noticed it and therefore, I opened a short entry for the time being.

Another factor leading to the opening of the trade was the Dollar Index.

It has been showing a continuous downtrend for the last 4 consecutive trading days, hence there is a room for slight correction, hence the following short order as follows:

Sell EUR/USD at 1.3001 for 50 pips, with a stop loss of 150 pips

Kindly note that in this order the profit and the loss are in a reverse role. (loss is 3 x the profit)

Regards
Aditi

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 

Trading Signals for Thursday, January 31, 2013

Another entry order got triggered, and the first entry order closed with the stop loss, making the loss count to 1 as of now. Now awaiting for the other 2 open orders to close, hopefully with the Take Profits placed :)

Going by the long-term charts, there seems the end of the bullish trend. The Dollar Index is also showing an upward trend towards its average of the month i.e. 79.97, currently it is at 79.3, which is just slightly up the lowest of the month at 79.21.

If not today, then tomorrow the bearish trend is going to begin, and I am all for it.

In case it does not, I suggest going in for another entry order as follows:

Sell at 1.3608 for 300 pips, with a stop loss of 100
Sell at 1.3658 for 300 pips, with a stop loss of 100

P.S: Currently no predictions for the commodities, awaiting the U.S. data that will release tomorrow.

Happy Trading!!

Trading Signals for Wednesday, January 30, 2013

It is the mid-week and the almost near-end of the first month of the year. Time indeed just flies. And with the ongoing time, my entry order also hit the trigger. So, now I have 2 short orders running on my forex platform. The recent opened one is giving a profit, while the earlier one is showing a loss of about 50 pips. But since secure stop loss is adhered to, I do not need to worry much.

Now, awaiting the first Friday of the coming month, February, that falls just 2 days from now. That day will decide as to whether the bull run will gain more momentum or it is going to be the reversal of the trend, suggesting an end to the upward trend that started from the month of August.

So, look out for the trend, my friends. From then on the strategy will take a lift, till then the orders remain as it as they were on the start of the week on Monday.

Just adding one more entry order, considering the heavy pull upwards, which is as follows:

Sell at 1.3558 for 300 pips, with a stop loss of 100


Happy Trading.