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The FIEO has requested the Indian government to allow 50 lakh bales of raw cotton for exports in a year as higher exports are pushing up the domestic prices of the commodity, thereby making it difficult for SME cotton traders and textile units to retain their competitive edge in the global market Read more..

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Today’s GBP/USD Forex Signal (07-11-2008) Best time to place this order is at 05.00 GMT sell @ 1.5794( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.5834 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 (06-11-2008) trade and it’s result: sell @ 1.5929 (Loss) Today’s [...]

Today’s GBP/USD Forex Signal (07-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.5794( Stop/Limit/Market Order)

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

Daily Pivot: 1.5834

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 (06-11-2008) trade and it’s result:

sell @ 1.5929 (Loss)

Today’s EUR/USD Forex Signal (07-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.2775 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.2815

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

Previous Eur/Usd (06-11-2008) trade and it’s result:

sell @ 1.2926(Profit)

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.

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