Trading Signals for Monday, June 10 2013

Hi,

It is Monday, the first trading day of the week. As usual, I am on a wait-and-watch mode. I am really on a mission to rectify the few impulsive errors that I made on my last 2 trading days of the past week.

I am not the kind of person who will cry over the spilt milk; and by the way there was no spilt milk at the first place. I mean there were no real losses. I am on a 100% as compared to what I started with last month, it is just that my profits got chopped a bit.

So, moving ahead, everyone is talking about a big fall. I mean a big massive fall, that is about to come. It is estimated by the big daddys of Forex that the Eur/Usd could go down to 1.1 levels. Yeah, that is really freaking.

If I go by the monthly stochastics, yes that is a big possibility. But since you and me are not that longing long term traders, we better stick to the 4H charts. 

And my 4H charts suggest me to keep a long entry at 1.3149 for a profit of 50 pips and a stop loss of 100 pips.

Waiting for the signals to become prominent till tomorrow. Till then have a happy trading and a happier day.

Trading Signals for Friday, June 07 2013

Hi,

Yeah I did a disappearing act with my blog yesterday. Yeah I just wanted to know if there are any real people reading it. And yeah I got to know the truth. Hahha

Guys if anyone of you is following my post updates, and you actually end up profiting from my trading signals, then I request each on of you to come back and just click on any of the google ads displayed on my blog. That will really motivate me to share my trading strategies with everyone. Yeah, a big thanks in advance.

Now coming up to the forex work bit. Yeah as I posted yesterday, I still maintain the same. I am confused.

Yeah yesterday, my long entry at 1.2849 finally closed giving me another +300 pips in profits.

But on the other hand I also had my first losing deal.

Yeah, as you might have noticed, the market went soaring up, and along with it my Sell entry at 1.3051 closed in a loss of 30 pips.

Right now I have not kept any open deal. I will let this non-farm data pass by, and then I will further come up with any trading strategies.

But considering yesterday's trend, I think that is going to be the one for few more days, till the Week's stochastic reaches the top North. Yeah, on the other hand it is stuck since long up there for the 4H chart.

Yeah, I again repeat, I am confused.

Regards

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 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 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 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