Daily Free Forex Signal 05-11-2008
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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 [...]
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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Intraday Trading Idea 05-11-2008
I finally closed this trade with +200 pips. The target wasn’t reached and price rebounded to north hitting my trailling stops. Below is the new trading idea based on today’s data. Mizuho’s technical analysis: Market is sideways. Suggested strategy is to attempt long (buy) at 1.5880; stop below 1.5400. First target 1.6000. Danske’s technical analysis: Market is sideways. Suggested [...]
I finally closed this trade with +200 pips. The target wasn’t reached and price rebounded to north hitting my trailling stops. Below is the new trading idea based on today’s data.
Mizuho’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) at 1.5880; stop below 1.5400. First target 1.6000.
Danske’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) if price breaks 1.6675 with first profit target at 1.7235. Place the stop at 1.5585 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)
At the time I wrote this, gbp/usd price was ranging around 1.5890. My plan is to place long order if price breaks 1.6000 The stops will be at 1.5900 and trailled. I will place short order if price breaks 1.5500. Stops for this short order will be at 1.5585 and trailled.
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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