THIS IS THE MORNING EDITION OF MY DAILY TRADING SIGNALS - PUBLISHED 5 GMT

Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.

Profit of the day: +32 pips

You can follow my live trading every day in the premium area of www.chat-trading.com at http://www.chat-trading.com/premium_posts.php

 

LOOKING BACK

Rather neutral news from Europe have been the reason that EURUSD did not leave its sideways range. There was an interesting short trade in USDCAD in the afternoon where I could take 29 pips due to good news of the Canadian Gross Domestic Product.

EXPECTATIONS FOR TODAY´S TRADING DAY

Here the most important news for today (all times in GMT): 07:30 Switzerland - SVME Purchasing Managers´ Index. 07:55 Germany - Unemployment change 08:30 UK - Purchasing manager index 09:00 European Currency Union - Unemployment rate 13:00 Canada - Interest rate decision 14:00 USA - ISM Manufacturing

Thus, today´s charts might have some contrast in comparison to yesterday´s charts.

TRADING CHANCES FOR TODAY

EURUSD width=480

EURUSD lost some strength over night and is now in a mini sideways range.

Long @ 1,2320 Take-Profit @1.2370-90 Stopp-Loss @ 1.2285

Short @ 1.2230 Take-Profit @ 1.2185-1.2160 Stopp-Loss @ 1.2275

GBPUSD

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Cable lost also and parked in a sideways range.

Long @ 1.4555 Take-Profit @ 1.4595-1.4605 Stopp-Loss @ 1.4520

Short @ 1.4450 Take-Profit @ 1.4385-65 Stopp-Loss @ 1.4490 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.

I wish you a successful start into a new trading month and all the best

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Berndt Ebner - Trader education - Forex trader - seminars

Performance May 2010: 1615 pips (20 trading days)

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Performance 2010

January: 737 pips

February: 984 pips

March: 1372 pips

April: 668 pips

May: 1615 pips

P.S: Come to my next Forex seminar in Munich and to the Octoberfest. More infos at www.trader-coachings.com FOLLOW MY LIVE TRADING DAILY AT WWW.CHAT-TRADING.COM IF YOU ARE SUBSCRIBER OF MY DAILY TRADING SIGNALS IT IS FOR FREE !!! SUBSCRIBE THE TRADING-SIGNALS NOW !!!

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As a special bonus you can attend to my regular weekly webinars with trader education, market analysis, etc. If you are interested please contact me at coaching@der-trading-coach.com 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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