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
my eyes.

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 !!!

LOOKING BACK

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.

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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.

SPECIAL FOREX WEBINAR

„ Fibonacci and Pivot Forex trading

+ FREE VIDEO OF THE WEBINAR

I will hold a special Forex trading webinar today, April 15th, 18-19 GMT
with Fibonacci and Pivot Forex trading. The webinar will be for all english-speaking traders. Webinar fee $ 29,--

All attendees receive a free video of the webinar.

If you are interested please contact me at coaching@der-trading-coach.com

DAILY FOREX SIGNALS

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WITH A SUBSCRIPTION YOU GET YOUR DAILY TRADING-SIGNALS UNTIL LATEST 6:30 GMT and you will be informed
about my live-trades at www.chat-trading.com in the premium area.

I wish you all the best for your Forex trading and Happy Trading

Berndt Ebner
P.S: For any questions you can contact me here http://www.chat-trading.com.
Performance April 2010: 198 pips

RISK AND EARNINGS DISCLAIMER
Any kind of trading (Forex, shares, Futures.) exhibits a high risk, which can lead to the total loss of your capital investment. Always be aware of this.

You should trade only if you can also bear the possible trading losses.
High chances of winning often oppose substantial loss rates. You should only use capital for your trading, which you do not need for everyday living. Earlier trading results are not a warranty for a future trading development. This also refers my indicated performance.

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