Forex Trading Blog

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Today’s GBP/USD Forex Signal (05-11-2008) Best time to place this order is at 05.00 GMT buy @ 1.5918( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.5878 Previous day’s HLC Price and today’s Support-Resistance Levels Below are previous trade’s result and the Eur/Usd Signals: Previous Gbp/Usd (04-11-2008) trade and it’s result: sell @ 1.5592 (Loss) Today’s [...]

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Daily Free Forex Signal 05-11-2008

Today’s GBP/USD Forex Signal (05-11-2008)
Best time to place this order is at 05.00 GMT

buy @ 1.5918( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.5878

Previous day’s HLC Price and today’s Support-Resistance Levels

Below are previous trade’s result and the Eur/Usd Signals:

Previous Gbp/Usd (04-11-2008) trade and it’s result:

sell @ 1.5592 (Loss)

Today’s EUR/USD Forex Signal (05-11-2008)
Best time to place this order is at 05.00 GMT

buy @ 1.2875 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.2835

Previous day’s HLC Price and today’s Support and Resistance Levels

Previous Eur/Usd (04-11-2008) trade and it’s result:

sell @ 1.2690 (Loss)

Please note that I don’t use the Eur/Usd forex signal for live trade. It is here for performance tracking purpose.

I use the above HLC data to calculate today’s pivot point using forex pivot point calculator. If you curious what the HLC data is all about, please read this pivot lines article.

If you’re relatively new to this blog, please firstly read this free forex signals introduction page before you go any further.

If you would like to know the trading system used to generate this forex signal, please read both trading the gbp/usd and pipholic gbp/usd daily pivot trading.

You can get the free forex signal delivered to your e-mail if you subscribe to my RSS by email. By subscribing you will receive an email whenever I post new forex articles.

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Daily Free Forex Signal 05-11-2008

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Mizuho’s technical analysis: Market is sideways. Suggested strategy is to attempt long (buy) at 1.5700; stop below 1.5400. First target 1.6000. Points to watch: 3rd support (1.5535) and 3rd resistance (1.6200) Danske’s technical analysis: Market is in a downtrend. Suggested strategy is to attempt long (buy) if price breaks 1.6201 with first profit target at 1.7235. Place the [...]

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Day Trading Idea 10-11-2008

Mizuho’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) at 1.5700; stop below 1.5400. First target 1.6000. Points to watch: 3rd support (1.5535) and 3rd resistance (1.6200)

Danske’s technical analysis:
Market is in a downtrend. Suggested strategy is to attempt long (buy) if price breaks 1.6201 with first profit target at 1.7235. Place the stops at 1.5530 or change trade direction if price breaks it. Profit target for this sell (short) entry is 1.5400.

Ino MarketClub’s Trend analysis:
Strong Down Trend (score -100)

Points to watch from my pivot-calculation are the 3rd resistance (1.6207) and 1st support (1.5533)

At the time I wrote this, gbp/usd price was ranging around 1.5770. My plan is to place long order if price breaks 1.6200. Anticipate-stops will be at 1.6100. I will place short order if price breaks 1.5530. Anticipate stops will be at 1.5630.

Please note that this is just a trading idea, I do not execute trade solely based on this. I write this in purpose to show you (especially novice traders) about how I make use of the free technical analysis data for my intraday trading.

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Day Trading Idea 10-11-2008

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