Good Morning Traders,
THE FOLLOWING TRADING SIGNALS ARE A ANALYSIS OF GBP/USD, EUR/USD & OIL
EXPECTATIONS FOR TODAY’S TRADING
All times are UK.
Announcement information is taken from http://www.forexfactory.com
High Impact Announcements for Today
09:00 GBP Halifax HPI m/m 0.3% -0.1%
12:00 CAD Employment Change 16.8K 108.7K
12:00 CAD Unemployment Rate 8.1% 8.1%
13:30 CAD Building Permits m/m -1.8% 12.2%
13:30 USD Non-Farm Employment Change 529K 290K
13:30 USD Unemployment Rate 9.8% 9.9%
15:00 CAD Ivey PMI 59.8 58.7
Medium Impact Announcements for Today
Day 1 ALL G20 Meetings
08:40 CHF SNB Chairman Hildebrand Speaks
13:30 USD Average Hourly Earnings m/m 0.1% 0.0%
Trading Chances for Today
GBP/USD
Long @ 1.4650
Take-Profit @ 1.4690-1.4710
Stop-Loss @ 1.4630
Short @ 1.4610
Take-Profit @ 1.4590-1.4575
Stop-Loss @ 1.4630
EUR/USD
EURUSD also lost some strength over night and is now in a mini sideways range.
Long @ 1,2220
Take-Profit @1.2280-1.2300
Stop-Loss @ 1.2175
Short @ 1.2140
Take-Profit @ 1.2100-1.2070
Stop-Loss @ 1.2170
Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.
TRADING TIP OF THE DAY
Anything can happen! You do not need to know what is going to happen next in order to make money.
To Your Trading Success
The Investor Guru
Friday 4 June 2010
Tuesday 1 June 2010
Forex and Oil Trading
Good Morning Traders,
The Following Trading Signals are a Analysis of GBP/USD & EUR/USD
Rather neutral news from Europe has been the reason that EUR/USD did not leave its sideways range. There was an interesting short trade in USD/CAD in the afternoon where 29 pips were on offer due to good news of the Canadian Gross Domestic Product.
Expectations for Today’s Trading
After the early morning movement I will be expecting more volatility in the afternoon today.
Trading Chances for Today
GBP/USD
Early Cable losses and now appears to be parked in a sideways range.
Long @ 1.4555
Take-Profit @ 1.4595-1.4605
Stop-Loss @ 1.4520
Short @ 1.4450
Take-Profit @ 1.4385-65
Stop-Loss @ 1.4490
EUR/USD
EURUSD also lost some strength over night and is now in a mini sideways range.
Long @ 1.2320
Take-Profit @1.2370-90
Stop-Loss @ 1.2285
Short @ 1.2230
Take-Profit @ 1.2185-1.2160
Stop-Loss @ 1.2275
Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.
TRADING TIP OF THE DAY
Do you trade according to your trading system?
Yes? No?
Sometimes a small change can make big results. Maybe you should think about your trading system and maybe change it.”
Do you write down all your trades in a diary?
To Your Trading Success
The Following Trading Signals are a Analysis of GBP/USD & EUR/USD
Rather neutral news from Europe has been the reason that EUR/USD did not leave its sideways range. There was an interesting short trade in USD/CAD in the afternoon where 29 pips were on offer due to good news of the Canadian Gross Domestic Product.
Expectations for Today’s Trading
After the early morning movement I will be expecting more volatility in the afternoon today.
Trading Chances for Today
GBP/USD
Early Cable losses and now appears to be parked in a sideways range.
Long @ 1.4555
Take-Profit @ 1.4595-1.4605
Stop-Loss @ 1.4520
Short @ 1.4450
Take-Profit @ 1.4385-65
Stop-Loss @ 1.4490
EUR/USD
EURUSD also lost some strength over night and is now in a mini sideways range.
Long @ 1.2320
Take-Profit @1.2370-90
Stop-Loss @ 1.2285
Short @ 1.2230
Take-Profit @ 1.2185-1.2160
Stop-Loss @ 1.2275
Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.
TRADING TIP OF THE DAY
Do you trade according to your trading system?
Yes? No?
Sometimes a small change can make big results. Maybe you should think about your trading system and maybe change it.”
Do you write down all your trades in a diary?
To Your Trading Success
Wednesday 26 May 2010
Forex Trading & Oil
The Following Trading Signals are a Analysis of GBP/USD & EUR/USD
After a sideways range in the morning there was a movement in EUR/USD in the direction of 1.2190 after good news from USA. In comparison to EUR/USD GBP/USD was stuck in a sideways range.
Expectations for Today’s Trading
After the early morning movement I will be expecting more volatility in the afternoon today.
Trading Chances for Today
GBP/USD had already some wins in the morning due to good news from Asia.
Long @ 1.4505
Take-Profit @ 1.4585-1.4620
Stop-Loss @ 1.4445
Short @ 1.4350
Take-Profit @ 1.4285-50
Stop-Loss @ 1.4410
EUR/USD was a similar picture to GBP/USD
Long @ 1.2320
Take-Profit @1.2385-1.2410
Stop-Loss @ 1.2255
Short @ 1.2135
Take-Profit @ 1.2085-60
Stop-Loss @ 1.2195
Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.
TRADING TIP OF THE DAY
“What about your trading system? Do you trade according to it? Yes? No?
Maybe you should think about your trading system and maybe change it.”
To Your Trading Success
The Investor Guru
After a sideways range in the morning there was a movement in EUR/USD in the direction of 1.2190 after good news from USA. In comparison to EUR/USD GBP/USD was stuck in a sideways range.
Expectations for Today’s Trading
After the early morning movement I will be expecting more volatility in the afternoon today.
Trading Chances for Today
GBP/USD had already some wins in the morning due to good news from Asia.
Long @ 1.4505
Take-Profit @ 1.4585-1.4620
Stop-Loss @ 1.4445
Short @ 1.4350
Take-Profit @ 1.4285-50
Stop-Loss @ 1.4410
EUR/USD was a similar picture to GBP/USD
Long @ 1.2320
Take-Profit @1.2385-1.2410
Stop-Loss @ 1.2255
Short @ 1.2135
Take-Profit @ 1.2085-60
Stop-Loss @ 1.2195
Always take care of your stop management and consider your money and risk to reward ratio. Never over expose yourself.
TRADING TIP OF THE DAY
“What about your trading system? Do you trade according to it? Yes? No?
Maybe you should think about your trading system and maybe change it.”
To Your Trading Success
The Investor Guru
Tuesday 4 May 2010
Forex & Oil Trading
EUR/USD…Greece we are coming!!!
Hello Friends and Traders,
There was a long lasting sideways range in the EUR/USD chart. However, I had some fine trades in GBP/USD & Oil.
Profit of the day: 52 pips.
In the morning I did not expect this result, it was a bank holiday in the UK and there have often been false break-outs, mini trades with only a few pips.
Looking Back
After a range between 1.3205 and 1.3250 the course of EUR/USD and GBP/USD lost a lot after Germany’s Chancellor Angela Merkel promise for the Greek aid package.
It seemed as if the whole world was waiting, will it go further on with Greece.
Further the economic news of Switzerland, the European Currency Union and USA has been positive.
However, let’s stop talking here. It is more important, how the markets will go on today.
High Impact Announcements for Today
09:30 GBP Manufacturing PMI
15:00 USD Pending Home Sales m/m
Medium Impact Announcements for Today.
07:00 EUR German Retail Sales m/m
09:30 GBP Net Lending to Individuals m/m
15:00 USD Factory Orders m/m
However, let’s wait and see. I would expect more movement in GBP/USD than yesterday; also in EURUSD it could be more volatile when Wall Street opens.
When the markets are trending sideways like they are at the moment, they can be more difficult to trade.
Forex Trading Chances for Today
EUR/USD
EUR/USD lost a lot this morning due to the finished Greek package of the EU.
Today morning 04:30 GMT the cross pair is in a range between 1.3186-1.3214.
I would see trading chances for long above 1.3230 with take-profit at 1.3295-1.3320 and stop-loss at 1.3190.
For short there could be some chances below 1.3170 with take-profit 1.3120-1.3070 and stop-loss 1.3195.
GBP/USD
For GBP/USD it’s the same picture. The cross pair is now in a range between 1.5230-1.5264.
I would see trading chances for long above 1.5285 with take-profit at 1.5340-1.5360 and stop-loss at 1.5245.
For short there could be some chances below 1.5210 with take-profit 1.5140-1.5100 and stop-loss 1.5260.
Always take care of your stop management.
Trading Tip of the Day
Always check your trading and look at different time scales.
What can you see?
Look at the 4-hour-chart, 1-hour-chart, etc. Until you reach your favourite time scale for trading your given strategy. You will see a different view point and this could aid your trading.
To Your Trading Success
Hello Friends and Traders,
There was a long lasting sideways range in the EUR/USD chart. However, I had some fine trades in GBP/USD & Oil.
Profit of the day: 52 pips.
In the morning I did not expect this result, it was a bank holiday in the UK and there have often been false break-outs, mini trades with only a few pips.
Looking Back
After a range between 1.3205 and 1.3250 the course of EUR/USD and GBP/USD lost a lot after Germany’s Chancellor Angela Merkel promise for the Greek aid package.
It seemed as if the whole world was waiting, will it go further on with Greece.
Further the economic news of Switzerland, the European Currency Union and USA has been positive.
However, let’s stop talking here. It is more important, how the markets will go on today.
High Impact Announcements for Today
09:30 GBP Manufacturing PMI
15:00 USD Pending Home Sales m/m
Medium Impact Announcements for Today.
07:00 EUR German Retail Sales m/m
09:30 GBP Net Lending to Individuals m/m
15:00 USD Factory Orders m/m
However, let’s wait and see. I would expect more movement in GBP/USD than yesterday; also in EURUSD it could be more volatile when Wall Street opens.
When the markets are trending sideways like they are at the moment, they can be more difficult to trade.
Forex Trading Chances for Today
EUR/USD
EUR/USD lost a lot this morning due to the finished Greek package of the EU.
Today morning 04:30 GMT the cross pair is in a range between 1.3186-1.3214.
I would see trading chances for long above 1.3230 with take-profit at 1.3295-1.3320 and stop-loss at 1.3190.
For short there could be some chances below 1.3170 with take-profit 1.3120-1.3070 and stop-loss 1.3195.
GBP/USD
For GBP/USD it’s the same picture. The cross pair is now in a range between 1.5230-1.5264.
I would see trading chances for long above 1.5285 with take-profit at 1.5340-1.5360 and stop-loss at 1.5245.
For short there could be some chances below 1.5210 with take-profit 1.5140-1.5100 and stop-loss 1.5260.
Always take care of your stop management.
Trading Tip of the Day
Always check your trading and look at different time scales.
What can you see?
Look at the 4-hour-chart, 1-hour-chart, etc. Until you reach your favourite time scale for trading your given strategy. You will see a different view point and this could aid your trading.
To Your Trading Success
Monday 12 April 2010
Forex Trading 12/04/2010
Good Morning Friends,
It feels like I have been away for a long time...some might say I should have been.
I even got up later than I would normally have done. I did one early trade, before my 08:00 GMT. Because it was this early I was only looking for a 10 point limit.
I am now taking my children out for the morning so will not be trading for a few more hours. I will be waiting for 14:30 GMT which is when Wall Street opens.
Have a good mornings trading and I will catch up with you all a little later.
To Your Trading Success
The Investor Guru
It feels like I have been away for a long time...some might say I should have been.
I even got up later than I would normally have done. I did one early trade, before my 08:00 GMT. Because it was this early I was only looking for a 10 point limit.
Cable Early Trade
I am now taking my children out for the morning so will not be trading for a few more hours. I will be waiting for 14:30 GMT which is when Wall Street opens.
Have a good mornings trading and I will catch up with you all a little later.
To Your Trading Success
The Investor Guru
Monday 5 April 2010
Forex Trading 06/04/2010
Morning Friends,
I hope you have all had a good few days rest over the holidays. The mother of a friend of mine died over the weekend, my thoughts are with you Farai.
Well an early morning couple of trades for me today. I traded my stochastic strategy on Oil, entry 8645 and took 8 points at 8653. Very early for big moves and I wanted to make the week a really good one. I am going away with my family for a few days and we are all looking forward to it...No Laptops allowed!
Well just time to tell you of my trade on Cable...Had been talking with a friend in the states and we were discussing shorting Cable at the S1 level of 15241. It had been using this as resistance all morning so when it shot up earlier we both jumped on. See below how the trade went.
Well I am off now to enjoy a week away with my family...No electronic items allowed.
The Investor Guru
I hope you have all had a good few days rest over the holidays. The mother of a friend of mine died over the weekend, my thoughts are with you Farai.
Well an early morning couple of trades for me today. I traded my stochastic strategy on Oil, entry 8645 and took 8 points at 8653. Very early for big moves and I wanted to make the week a really good one. I am going away with my family for a few days and we are all looking forward to it...No Laptops allowed!
Well just time to tell you of my trade on Cable...Had been talking with a friend in the states and we were discussing shorting Cable at the S1 level of 15241. It had been using this as resistance all morning so when it shot up earlier we both jumped on. See below how the trade went.
Well I am off now to enjoy a week away with my family...No electronic items allowed.
The Investor Guru
Thursday 1 April 2010
Forex Trading 01/04/2010
Good Morning,
And for all the people that understand "Pinch-Punch 1st of the Month!
If some of you out there think that I just roll out of bed and put on a couple of trades then hobble back into bed then I am going to give you a little insight into how my days is.
05:00 get out of bed, put the kettle on to make a mug of tea (Most important at this time of day) I drink Tazo Green Tea. Boot up Laptop's and PC's. While the systems are booting up, I read my Beliefs and then my Trading Plan, almost as important as the 1st mug of tea. Then log in to ForexFactory to check the data and put the information into a skype chat that I am a member of. Log in to IG Index and FXCM. Load the charts up that for the Pairs that I watch GBP/USD (Cable), EUR/USD (Fiber) and Daily US Light Crude (Oil). Decide on the levels of where I suspect the morning breakout to come from and draw lines. Today my entry short on Cable will be 15170 and my long entry is 15245 just above the R1 Pivot (R1 = Resistance 1) checking pivots and indicators for my strategy (although I generally do not trade it before 08:00 GMT). Now open up MetaTrader, again checking possible entry points for a pivot strategy that I trade.
05:30 once the 1st mug of tea has been drunk, make a second mug. Now that the information from ForexFactory has been disected and categorised, the only ones we are truly interested in are High Impact Announcments and Medium Impact Announcements. I place this in the skype chat for other members to view at a quick glance.
Now that these tasks have been done I then start to read. The book I am currently reading is "Way of the Turtle" by Curtis M Faith. This can be picked up at Amazon UK or Amazon USA. I read at least one chapter, always keeping one eye on the charts. As some of you may be aware I am writing my own book, I then write a few pages.
I bet you are thinking bloody hell there is a lot to do here, well before you know it the day is over. I am not even at 07:00 GMT yet.
Just to keep you informed, I think the holiday's have kicked in for some people, it is 10:30 GMT and I have not placed one trade yet. Well it is now 17:50 GMT and I have not traded all day. I gave up hours ago so I hope you all made money this afternoon UK & Europe and this morning for all my friends stateside.
Have a very happy holiday tomorrow. I will not be around again until the end of next week, we are going away for a week to unwind with the family.
To Your Trading Success
The Investor Guru
And for all the people that understand "Pinch-Punch 1st of the Month!
If some of you out there think that I just roll out of bed and put on a couple of trades then hobble back into bed then I am going to give you a little insight into how my days is.
05:00 get out of bed, put the kettle on to make a mug of tea (Most important at this time of day) I drink Tazo Green Tea. Boot up Laptop's and PC's. While the systems are booting up, I read my Beliefs and then my Trading Plan, almost as important as the 1st mug of tea. Then log in to ForexFactory to check the data and put the information into a skype chat that I am a member of. Log in to IG Index and FXCM. Load the charts up that for the Pairs that I watch GBP/USD (Cable), EUR/USD (Fiber) and Daily US Light Crude (Oil). Decide on the levels of where I suspect the morning breakout to come from and draw lines. Today my entry short on Cable will be 15170 and my long entry is 15245 just above the R1 Pivot (R1 = Resistance 1) checking pivots and indicators for my strategy (although I generally do not trade it before 08:00 GMT). Now open up MetaTrader, again checking possible entry points for a pivot strategy that I trade.
05:30 once the 1st mug of tea has been drunk, make a second mug. Now that the information from ForexFactory has been disected and categorised, the only ones we are truly interested in are High Impact Announcments and Medium Impact Announcements. I place this in the skype chat for other members to view at a quick glance.
Now that these tasks have been done I then start to read. The book I am currently reading is "Way of the Turtle" by Curtis M Faith. This can be picked up at Amazon UK or Amazon USA. I read at least one chapter, always keeping one eye on the charts. As some of you may be aware I am writing my own book, I then write a few pages.
I bet you are thinking bloody hell there is a lot to do here, well before you know it the day is over. I am not even at 07:00 GMT yet.
Just to keep you informed, I think the holiday's have kicked in for some people, it is 10:30 GMT and I have not placed one trade yet. Well it is now 17:50 GMT and I have not traded all day. I gave up hours ago so I hope you all made money this afternoon UK & Europe and this morning for all my friends stateside.
Have a very happy holiday tomorrow. I will not be around again until the end of next week, we are going away for a week to unwind with the family.
To Your Trading Success
The Investor Guru
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