Good morning dear traders,
EURUSD was not my favourite currency yesterday.
My trading in EURUSD and Cable was rather exhausting in the morning. Further, I finished a good shorting chance in GBPUSD with a too tight stopp-loss. But I´m learning out of my mistakes.
And how was your trading? I hope you could take some pips out of the market.
Profit of the day: + 147 pips
Yesterdays sentiment in the markets was determined by the bad numbers of the US markets of Tuesday and the asian stock exchanges.
EURUSD was directed in a sideways range. Cable was in a downward trend.
Also good news from UK, Europe and the USA could only marginaly influence the sentiment of the Forex markets.
EXPECTATIONS FOR TODAY´S TRADING DAY
Here the most important news for today (all times in GMT):
09:00 - European Currency Union - Retail Sales 12:15 - USA - ADP Employment changes 12:30 - USA - Initial Jobless Claims 14:00 - USA - Factory Orders & ISM Non-Manufacturing
The moring could be rather balanced in the markets - for the afternoon I would expect som more volatility.
TRADING CHANCES FOR TODAY
EURUSD won little strength over night.
Long @ 1,2335 Take-Profit @1.2385-1.2425 Stopp-Loss @ 1.2290
Short @ 1.2205 Take-Profit @ 1.2140-05 Stopp-Loss @ 1.2255
Cable looks a little bit tired this morning.
Long @ 1.4705 Take-Profit @ 1.4740-70 Stopp-Loss @ 1.4675
Short @ 1.4610 Take-Profit @ 1.4555-1.4485 Stopp-Loss @ 1.4665
Always take care of your stop management and consider your money and risk management.
As a subscriber of my daily trading signals you can follow my live-trades in the premium area of http://www.chat-trading.com for free. Only register for free and you will have a 3 days free trial.
Due to a holiday my trading will be a little bit limited today.
I wish you a successful trading day and all the best Berndt Ebner - Trader education - Forex trading
Performance June 2010: 248 pips (2 trading days)
Performance 2010 January: 737 pips February: 984 pips March: 1372 pips April: 668 pips May: 1615 pips
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