Updates on Signal Service

I had a very nice break from trading yesterday. I was able to catch up with a lot of pending stuff which had been accumulated over the past week. I did not even switch on my system the whole of yesterday.

Anyway, last week was a great one for my signal service. The start on Monday was not good where we lost about 80 pips but we really picked up over the next 4 days and we finished last week with more than 800 pips in the green. On Tuesday, we made about 150 pips and on Wednesday and Thursday, both days put together, we made more than 500 pips. On Friday, again we made about 150 pips.

It was a great week for the signal service and i received feedback from my subscribers and from the guys on trial that this has been the best signal service that they have ever been in !!

Hope to continue the momentum in the coming week as well !!

Daily Outlook for GBPUSD

Attached is the 1H chart for GBPUSD. This pair has been having a huge fall during this week. The week started off fine for this pair but right from Tuesday, this pair has been having a huge fall and there seems to be nothing to stop it. Now, this pair rests at the support at 1.6110. This is a bit of a surprise for me that this support has been holding on for so long as , looking through the charts, there does not seem to be any major highs or lows at this price range.

So the fact that the price has been supported here for so long has been a surprise to me. Today should be very interesting for this pair as, if the pair finishes anywhere below 1.62, then it should form a huge weekly bearish pin bar which should indicate a huge fall in the coming weeks.

On the downside, there is support at 1.6110 and then a break of this could lead to 1.6080 and then a huge support at 1.60.

On the upside, we should see some good resistance at 1.6150 and then at 1.62 and then at 1.6250.

Unlike the Euro, i would not like to take any direction for this pair as Euro looks strong but this pair looks weak. Should be interesting though.

Daily Outlook for EURUSD

Attached is the 1H chart for EURUSD. As can be seen, this pair has been consolidating for many hours now. This shows that it is getting ready for a breakout on either side. This pair is now caught between a decently strong resistance and support and has been unable to break out on either side.

The small traders are too scared to take a guess on either direction and the big guys are accumulating more and more and thats why this consolidation and lack of breakout on either side. This consolidation should continue into the London session as well where we can then hopefully see some kind of a breakout.

On the downside, there is good support at 1.4160 and a break of this could lead to the next strong support at 1.41. This price region has proved to be a very very tough support to break and despite the big fall in various pairs over the last few days, this price region has not been convincingly broken yet.

On the upside, we have resistance at 1.4230 which has proven tough to break. A break of this resistance could lead to price moving to 1.4282 which is again a good resistance. Then there is the very strong resistance around 1.4330 which has not been broken for quite sometime now.

For today, i would expect some more consolidation till the London session and considering the strength so far, i would expect a move to the upside today.

Daily Outlook for EURUSD

Attached is the 1H chart for EURUSD. Amidst all the fall yesterday, this pair has shown amazing strength. Though i had predicted some slowness in the uptrend and some exhaustion as well, i would expected it to fall much more when all the other pairs were falling like nine pins. But this is also good in a way as it makes it much easier to trade all the pairs with EUR in it as you can be sure of the strength of the Euro.

Anyway, as expected, the Euro was stuck between the strong support and the resistance and did not move out of it though a lot of other pairs broke their strong supports and resistances.

Overnight, all pairs have made a nice retrace back to their supports turned resistances. Today is a big news day with lots of news coming out later in the day in the London session. It should be an interesting day with EU continuing to range within 1.41 and 1.4350. I do not expect any breaks away from these atleast till the news comes out. After that, we have to wait for a break of either of these prices and take the trade in that direction.

On the downside, there is support at 1.4150 and a very strong one at 1.41. On the upside, there is strong resistance at 1.4210, 1.4250 and then at 1.4331.

For today, i expect ranging for most of the day with a breakout later in the day after news release. I would expect a breakout on the upside considering all the strength shown so far.

Updates on signal service

It has been a wonderful week so far for the signal service...Have made more than 500 pips already this week. The week started off slowly with not much progress for the first day and a half but things really started picking up from the middle of yesterday. We have had fewer signals but those have been highly profitable with not even a single loss so far. Below are the calls as and when i gave them (picked up from yahoo messenger). You can see for yourself (last trade on euraud is still open).

ns_karthik: long GU...1.64
ns_karthik: would expect GU to go down to 1.6350 and then back up...
ns_karthik: exit gu...37 pips..
ns_karthik: short eurgbp....0.8650
ns_karthik: long gbpchf...
ns_karthik: long gbpchf...1.7483
ns_karthik: long eu...1.4231
ns_karthik: exit eu...25 pips
ns_karthik: exit gbpchf 100 pips
ns_karthik: exit eurbpg 17 pips
ns_karthik: long gu....
ns_karthik: 1.6526
ns_karthik: exit gu ...25 pips..
ns_karthik: good day today...more than 100 pips so far...
ns_karthik: looking for high probability trades only...so the number of trades might be few....hope it is fine..
ns_karthik: long gu....
ns_karthik: 1.6533
ns_karthik: for gu long...move sl to be
ns_karthik: hope u guys still have th gu open...
ns_karthik: exit gu
ns_karthik: exit gu...52 pips
ns_karthik: exit audnzd swing for 6 pips...we dont seem to be going anywhere....
ns_karthik: super last half of the day....made more than 200 pips..
ns_karthik: guys, i am done for the day
ns_karthik: be back in abt 7 hrs
ns_karthik: no quality trades yet guys...maybe we will have to wait till london session
ns_karthik: will be gone for 1.5 hrs
ns_karthik: long usdchf...1.0630...
ns_karthik: long GU...1.6616
ns_karthik: short EURAUD...1.7345
ns_karthik: exit GU long...26 pips
ns_karthik: exit gu long...26 pips
ns_karthik: short eurcad...1.5464
ns_karthik: have 3 trades open....ec, uc and ea...lets see what they do
ns_karthik: we still have 3 trades open....do keep them open
ns_karthik: exit euraud....26 pips
ns_karthik: exit usdchf...42 pips
ns_karthik: that makes it 100 pips for the day with one still open with 30 pips in profit
ns_karthik: short GU...1.6575
ns_karthik: exit gu short...30 pips
ns_karthik: those who have not exited...exit eurcad
ns_karthik: short GU again...1.6556
ns_karthik: exit gu...130 pips...
ns_karthik: have made more than 270 pips today...
ns_karthik: long euraud....1.7426...sl and tp 100 pips
ns_karthik: ok...it might go down a bit....if it finishes at this level today, then tomorrow any move towards 1.7400, would be a good place to long again....
ns_karthik: move sl to BE...

Daily Outlook for EURUSD

Attached is the 1H chart for EURUSD. Yesterday, again, this pair broke through previous highs and made new highs. Though this pair did make new highs, the momentum seems to have slowed down for this pair and the news highs seem to be taking longer and also seem to be requiring a lot more time and also a lot more effort than what was required previously.

Now, this pair rests at a decent resistance at 1.4282 which is also close to its previous highs and hence should provide good support.

On the downside, there should be good and strong support at 1.4250. A break of this could lead price going down to 1.4170. For today, i do not expect price to go down below this.

On the upper side, this pair could face a large resistance at yesterdays high of 1.4330 and if this is broken, then we could see price moving to 1.44.

Today should be an interesting as for the first time after quite a few days, EU seems to be caught between support as well as resistance and it would indeed take a great effort for this pair to break either of them (1.4170 and 1.4330). Lets see what happens today.

Daily Outlook for EURUSD

Attached is the 1H chart for EURUSD. This pair has had a nice retracement overnight and as can be seen from the chart, it now rests at a crucial support. This support is quite strong and hence a break of this support could lead to a large fall/retracement.

There was an attempt to break this support but this attempt was met with a huge wall of buyers as can be seen from the large volume on the bar on this chart. We can also see a lot of previous highs on the hourly chart around this price and this again proves that this price range is a good and strong support.

On the downside, the support is at 1.4150, a break of this strong support could lead to price dropping to 1.41 and a break of this could lead to price going to 1.4010.

On the upside, the resistances are at 1.4180 and then at 1.4220. For today, i would expect this pair to be a bit weak but it would require a break of 1.4150 to confirm this weakness. Since this price is a strong support, i would expect some retracement towards 1.42 before it again tries to come back and break the support.