Good morning dear traders,
that was it today with EURUSD. It said good-bye and went into the Easter holidays?
However „The-Trading-Coach“ will relax some days and we see us again next week. Nethertheless I will give you a short update for today.
How shall I say? Yesterday was a great trading day. Over 100 pips in one day.
After a range in the morning between 1.3492 and 1.3469 there was some movement into the direction of 1.3537.
My first trade of the day was long 1.3495-1.3529: 34 pips !!!
Further I had a short trade 1.3510-1.3470 with 40 pips, where I closed my half position.
After 14 GMT there was the real drop-down. The cross-pair lost due to excellent numbers of the USA.
At the late evening the pair reached about 1.3410.
EXPECTATIONS FOR TODAY´S TRADING DAY
So what can we trader expect for today?
Over the night the pair stayed relatively stable.
In the morning the crosspair is in a range between 1.3383 and 1.3438.
In the morning there are news from Germany at 7:55 GMT with the jobless rate, whereas I would see these news als relevant for volatility.
At 9:00 GMT the European Monetary Union publishes the consumer price index.
Further volatility can be expected also at 13:45 (Chicago Purchasing Managers´ Indes) and at 14:00 GMT with the Factory Orders from USA.
TRADING CHANCES FOR TODAY
I would see trading chances for long above 1.3450 with take-profit at 1.3500-1.3540 and stop-loss at 1.3420.
For short there could be some chances below 1.3370 with take-profit 1.3300-1.3260 and stop-loss 1.3400.
I keep you informed about interesting trades at CHAT-TRADING.
TRADING TIP OF THE DAY
„Take some time where you do not trade – as I do now the next days. #
Think about your trading, your strategies, etc.
You will see you will see your trading in a new perspective if you do not trade for some time. “
I wish you all the best for your Forex trading and Happy Easters!!!
Performance March 2010: 1372 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.
My Forex signals, my coaching, my strategies, training documents and other publications and ebook represent only information and are no offer for you, or any advertisement or recommendation for a concrete purchase or sale.
My coaching is not a financial consultation. For an appropriate financial consultation, please visit the appropriate bank and/or credit institutes.
You trade at your own risk, all possibilities of recourse on the coach and author are impossible.