Trading Signals for Tuesday, May 21, 2013

Good Morning!!

It is a great feeling to wake up and see that both your entry orders are on profit.

If you are following my blog since some time, then you would know what I have done with one of my entry orders.

The one which started at 1.2799 has crossed the 100 pip mark, hence the stop loss has been converted to a trailing one. I moved the loss levels from 1.2699 to 1.2749 levels.

But for the order that started at 1.2849, has not been altered in any form.

Considering the 4HR chart, I am a little compelled to open an Sell entry order at 1.2951 levels, but the great Stochastics and  the moving averages seem to be contradicting each other.

I think I am better off by doing nothing in a case of doubt...

You guys have a happy day and a happy trading time...do leave me a comment if you need to ask something...

Trading Signals for Friday, April 05, 2013

Hi,

So today for both the entries the stop loss as well as the take profit levels changed. As I had expected yesterday, the bullish trend had started forming. The trend got firm when the U.S. data released with a poor result. It lead to a big loss for the USD, which actually worked in my favor. The EUR/USD pair saw a big leap.

Since, both the entries crossed the 200 pips profit, so I moved the stop loss levels to the point where the entries got opened. Also, the take profit levels were further stretched to +300 pips, making the current take profit levels for each to 600 pips, thereby making the total take profit to 1200 pips as a combined profit.

Though in a worst case scenario, the loss would be nil (+ the broker commission).

Hoping to see a positive scenario on Monday when the market re-opens.

Happy Weekend!!