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 Monday, May 27, 2013

Hi,

I have been waiting to post some development today, but alas there has been none.

Due to being the first trading day of the week, the market lied flat since the day.

It rarely made a major movement in either direction, rather traded side-ways.

Hoping to see some action the following day.

A little update on my open deals:

As of now all the deals, 2 on long and one on short are open. And luckily all are in profits.

Will update once any of them closes, whether in red or green.

Goodnight and have a great time....