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
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 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
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.
I wish you a successful start into a new trading month and all the best
Performance May 2010: 1615 pips (20 trading days)
January: 737 pips
February: 984 pips
March: 1372 pips
April: 668 pips
May: 1615 pips
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