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

Morning all,

Well there have been some big moves overnight again. Over the last month these have been attributed to the Dilema that Greece are currently facing. However I believe the latest slump is down to the Icelandic Volcanic dust that has currently grounded the majority of the European Airlines. I am adjusting this morning and will be short selling the Air France / KLM and British Airways. I will post my results here.

All that said I did see early signals on my Stochastic Strategy and took an early 10 points. I set a limit of 10.

Early Cable Stochastic Trade for 10 Points

So I am now waiting for the FTSE opening to see if this takes the markets even lower.

Back Soon

To Your Trading Success

The Investor Guru

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.

Cable Trade from Resistance at S1

Well I am off now to enjoy a week away with my family…No electronic items allowed.

The Investor Guru

Morning Friends,

I feel like I have been away for a month.  However as soon as I logged into my IG Index account, opened the charts and started to look I knew I it wouldn’t be long before I would be back in the Zone.

Well yesterday is documented and today started really good, now I have not even traded with my strategy and I am up 40 points.

So on to the trades, of which there are 2 to show

The first cable trade was earlier than anticipated and entered around 06:40 with a 15010.

After the early rise over 15000, I had been in discussion with my friend Adrian H and both agreed the next entry level would be around 15055.  We both placed OTO’s (Order to Open) with IG Index.  Around the 07:25 mark we were both triggered long.  In a trade for what seemed hours.  Oh it was, around 09:05 I was triggered out with my limit of 20 met.

So now out for a walk and to grab some fresh air before this afternoon’s trading.  Oil is dancing around the 8200 mark as if it wants to break below.  I will see where it is when I get back.

For now happy trading.

Good evening all,

Well I cannot say too much about today’s trading apart from WoooHooo 106 points, and to think that I don’t really trade in the mornings on a Wednesday. I attend a course so normally do not trade till around 15:00 GMT Wednesday’s.

This morning I got up at my normal time 05:00 GMT dark and cold at that hour. I do like to look at the markets and the sit, relax and then give myself time for some self-hypnosis; it sets me up for a very good day. Today was a little different though, when I looked at the GBP/USD (Cable) charts the S1 pivot was sat in a very nice place around 14950. I looked and thought if it breaks that pivot it could go all the way to the S2 pivot at 14890. Well I first got in for 10 points at 14962 to 14952, right onto the pivot. I had some breakfast then came back and was really quite shocked at how far GBP/USD (Cable) had dropped beyond 50. The price was stopped around 14930 so I decided trade it one last time before getting myself and the girls (my daughters) ready for school. No sooner had I entered the trade around 07:15 I was out with another 10. I was a little cross with myself because of the limit I had put on because I was sure that it would drop below 20 and down to the S2 which I had earlier thought. So I opened up another ticket at 14926 this time I put a limit of 30 on which would allow for the pair to get down to S2 at 14890, and then I went for a shower. I came back 10 minutes later and I was nearly at my 30 point limit, I didn’t have to wait long though and that was that, 50 points and its only just gone 08:00. I was literally trading in the zone. The day was only going to get better.

?
When I arrived back to watch the different charts GBP/USD (Cable), EUR/USD (Fiber), Daily US Light Crude (Oil) and one that I had not traded before, although one that a very good friend Adrian H said was a good mover AUD/USD (Australian Dollar).

The Oil trade on a Wednesday is the breakout after the 15:30 announcement. So basically you wait for the candle to finish and then wait for the following candles to breakout of either of the ends, today it was a long trade and I didn’t have to wait very long either.

So my friends Nev C and Adrian H and my trading were really hitting the highs and we were all in the zone. The next trades came off Cable (17.4) 2 trades, Fiber (10) and AUD/USD (10).

It sounds so easy, I can say that one of the cable trades and the Fiber trade were difficult at times. Having watched the signals from my trading system say to get in only for the pairs to immediately reverse. When things like that happen you have to be mentally tough. Specifically the Fiber trade, it reversed to the point where my stop was, I have the ultimate confidence in my strategy and although it can go against you and me, I raised my stop way past I would normally. The trade was somewhere close to 30 points against when it again reversed, just before I did consider closing the trade out. I was pacing my office and then I caught sight of my 8 pointed star on the wall, the word DISCIPLINE appeared to stand out. I sat down and watched and waited. I won’t say soon enough it was all good and I was 10 points to the good. I will say that the mental toughness and discipline kept me going and was very happy when I was at break even. However it wasn’t long after it first got back down to this level that it blasted straight through and I eventually took 10. The other trades were slightly more encouraging and didn’t strain the nerves.

The best being AUD/USD which from the moment of entering the trade I was straight into profit, I have to say that the generous spread of 2 points that IG Index give makes this pair very good to trade and some other pairs like GBP/JPY (8 point) less interesting.

I am going to go and have some dinner now.

To Your Trading Success

The Investor Guru

Afternoon Friends,

Well I would have traded this morning, however the weather was so good I decided to go for a game of golf instead at a great golf club (Broadstone).  What a great life I have.  12 months ago I couldn’t really imagine waking up in the morning and deciding that because the weather is good that I am just off for a game of golf.  I had always wated this from life, I suppose I never really expected it.  That time is now here.

Well now that I am back and looking at the charts, I do not expect much in the next 45 minutes.  Back soon.

Sorry for the delay, it is now Tuesday.
The trading yesterday afternoon was just really manic. Nothing really with my strategy till around 16:00 GMT then I picked up 52 points in literally 30 minutes, it was just awesome.

To Your Trading Success

The Investor Guru

Morning all,

Should be an interesting day today, then again it always is on Non-Farm Employment Change and the Employment Rate, these announcements will an effect on the GBP/USD pair more commonly known as Cable. This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; Why do traders
care. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Also Called Non-Farm Payrolls, NFP, Employment Change. There is also a GBP announcement at 09:30 this morning the PPI. This data has added importance because it’s released ahead of CPI; Why do traders care. It’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer; Producer Price Index (PPI), Consumer Price Index (CPI). So normally if the weather is good Friday afternoons would be a good excuse to get on the golf course, not on Non-Farm days though. When you think that GBP/USD can move 100 points in seconds and you go in at £5 per point. You can see why the golf can wait for a day or two.

So with the significance of those announcements trading can be a little erratic.

I only managed 2 trades early this morning using the strategy I have just written, one Oil and the other on Cable (GBP/USD). Because of Non-Farm and the unpredictability of the markets I only set a limit of 10.

I will start with the Oil trade.  The indicators and signals that I use told me I should short Oil and when they all lined up my entry point for the trade was 8066.5.  This was an early trade so set my limit to 10 and waited, 20 minutes or so later the limit had been reached.

Now for the Cable (GBP/USD) Breakout trade.  This trade is taking a high from a specific time of day say 22:00 GMT the previous evening and say 07:00 GMT the next day.  Then trading the breakout of that range.  Normally I would try to take more than 10 however, I can be a little over cautious when it comes to 100 and 50 levels.  There seems to be a  pshycological barrier.  So my Entry Order was set for 15017 and my limit was 10.  A little under 10 minutes later and I am up 10 points, and was correct in thinking with the pair reversing back up.

So that was my trading for the morning.   It can get a little choppy and range up till the main announcement at 13:30.  Speak to you all later and have a good day trading.

To Your Trading Success

The Investor Guru

Morning,

All a bit slow this morning.  Non-farm week syndrome me thinks. 

Well maybe not…you didn’t notice the time gap there, I had a couple of trades which really amounted to me being up 40 pips.

They were both short entries.

A friend of mine called me yesterday afternoon and we had a really nice conversation, thanks Nic. It is always good to hear from friends.

I will catch you all tomorrow.

To Your Trading Success

The Investor Guru

Morning All,

However it isnt actually morning, as I am now writing this in the afternoon.  I can’t really say much about my trading of earlier as I only had one trade EUR/JPY for just over 11 points.  This was done using my Stochastic & MACD 60/40 strategy.

Yesterday was a very strange day trading.  Up 45 points in the afternoon to down points in the afternoon back to up again.  I will add at this point I did make to unusually silly trades that all but wiped my profits out for the day.  One was Oil and funny enough the other was EUR/JPY a pair I do not normally trade.

So back after my course this morning.  Missed a few trades on Cable (GBP/USD) and Fiber (EUR/USD).  Its Oil announcement day today so will be watching at 15:30 as normal.  Well the announcement was a positive one, more barrels being stock piled so the price goes up.  Yippee and I have taken 15…yeah, yeah, yeah when you look at the chart I should have had a whole lot more like my mate Andres. He certainly displayed more mental toughness than myself.  While I am on the subject of mates I have not been in contact with my mate Kofi for a while.

From next week I will be placing some of my daily trades in here so that you can follow how my strategy is going.

I have to go to my daughters school to discuss a dad’s day event so am closing down for the day.

To Your Trading Success

The Investor Guru

Good Morning,

Gosh what a trading day yesterday.  I was full of expectation for the new month and it did not disappoint.  Over 60 points on a Monday, wow so far this year that is my best Monday.  Let me just say that Monday’s are normally quiet for me, no trading and just getting myself set for the week, Tuesday pickup some trading usually end the day with 15-20 points, Wednesday better ending with between 20-40 then Thursday and Friday’s take between 60-100 points.  I have to add at this point that is normally how I work and not how the markets have been presenting themselves.
So you can imagine my jubilation when I traded Forex yesterday and took over 60 points in 2 trades.  I am particularly happy with one of the trades as my mindset was spot on, I even felt that I was trading in the zone.  I set my limit to 20 as usual, however as the trade started I decided to change it when I quickly found myself 15 points up, so changed it to 40.  Again there was a re-evaluation on this and through the mental toughness and confidence in the trade I eventually had a limit of 100.  Now it did not get that far, however I was determined to give it a chance.  I raised my stop so that I wouldn’t end with a losing trade and sat there watching.  Now I don’t know if you are like me, when I have a trade running I do not like to see if I am in profit and by how much.  However if I have to have the ticket open so that I can manually close it down then I have to minimise everything so that I cannot see it.  I know and yes it can look a little messy.  So as this trade transpired, my discipline was being tested.  I actually got out with just over 50 points.  My mental toughness had won through, it never went any lower than the price that I got out so double delight.  My mindset was the key factor in that trade.  Had I not had the confidence, discipline, control, mental toughness, dedication, motivation and positive trading attitude, I would have probably had my first limit met and I have to say been happy with the 20 points.  The Trading Mindset is more important…sorry FAR MORE IMPORTANT than having the strategies.  You can have the best strategies in the world that will make you millions, they are worthless if you cannot implement the 8 point star.

Positive Trading Attitude
Control
Motivation
Dedication
Mental Toughness
Preparation
Confidence
Discipline

Now there is no real way of implementing the above in any specific order.  I will say that you do need to implement them.

So here is to today, and I know I am going to have a really good trading day today and I hope you do too.

To Your Trading Success

The Investor Guru