Good morning dear traders,
I had yesterday some trading break. With no questions. One reason was that I had not
really much time for trading. The second reason was that the markets where too choppy in
That have not been the charts I liked. Not with EURUSD, not with GBPUSD, ...
But no problem, today there is still a trading day. New game - new luck !!!
After a range of 1.3603 and 1.3664 in the morning the crosspair moved for a long time in this range between support and resistance.
At 15:45 there was some little breakout of about 15 pips into the direction of 1.3679 but nothing more.
After the publication of the beige book the crosspair reached a sideways range and lost some pips in the morning.
EXPECTATIONS FOR TODAY´S TRADING DAY
What can we expect for today´s trading day?
The most important news for today:
08:00 GMT - European Currency Union - ECB monthly report
09:00 GMT - European Currency Union - Trade balance
12:30 GMT - USA - Initial Jobless Claims + NY Empire State Manufacturing Index
13:00 GMT - USA - Net Long-Term TIC Flows
13:15 GMT - USA - Industry Production
Let´s see if these news bring new volatility into the market.
TRADING CHANCES FOR TODAY
Today morning (5:15 GMT) the crosspair is in a range between 1.3666 and 1.3636.
I would see trading chances for long above 1.3675 with take-profit at 1.3730-1.3750 and stop-loss at 1.3655.
For short there could be some chances below 1.3630 with take-profit 1.3600-1.3580 and stop-loss 1.3650.
I keep you informed about interesting trades at CHAT-TRADING.
TRADING TIP OF THE DAY
„Make some trading break as I did yesterday. You are no robot.
Think to that. If there are no trading chances and the markets are too nervous or if yo do not have time to trade - let it be.
Trading is high-performance sport - think more often to that.
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I wish you all the best for your Forex trading and Happy Trading
P.S: For any questions you can contact me here http://www.chat-trading.com.
Performance April 2010: 198 pips
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