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 Invetor Guru

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

The Investor Guru

Well even though in the United Kingdom there is what is called a Bank Holiday, GBP/USD has give me 2 trades this morning and I am currently looking at a possible 3rd.  The first trade took a little longer than anticipated.  Entry was short at 15244.8 and the exit with 13 points was at 15231.8.  I can hear some of you asking why have a 13 point limit.  Well my aim is to increase my trading account by 5% per day.  For the whole of April I hit the target.  Now for May the plan remains the same, and I have calculated that today I need 52 points so 4 trades at 13 point will be good enough.

So now on to the 2nd trade of the day, a long trade which didn’t take too long at all to come along or to take my 13 point limit.

I have to say that so far this morning it has possibly been the best Monday for a while.  When the signals are lined up it isn’t really taking long to get the points I am looking for.  Now the reverse of the 2nd trade, the 2nd short trade.  At this rate I will have my required points before our American Cousins come on board.

 I am now going to take a well earned rest and will be back in a couple of hours when Wall St opens.

To Your Trading Success

The Investor Guru