This is our last signals for this week. In previous signal post Zekea has asked me what time 5 GMT in Nigeria is. I don’t know what Nigeria time zone is. If any of you come from Nigeria, you probably can answer that question better. Well, just to remind you that we probably use different forex broker, so don’t forget to make adjustment using my Pivot Calculator. It’s free to use.
Today’s Forex Signal 14-12-2007
Best time to place this order: 05.00 GMT
GBP/USD
Stop/Limit/Market Order
buy @2.0432
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 2.0412
Below is previous (13-12-2007) trade and it’s result:
GBP/USD
Stop/Limit/Market Order
buy @2.0481
Result: No Trade
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hi,
can u pls explain how to find pre high,low,close and open from the candlestick chart. how to apply pivot to trade.
how to analyse the marekt and which currency to trade ?
pls explain me as i am new to forex trading..
hi rahman, about the pivot, please read these articles:
http://www.pipholic.com/pivot-lines.html
http://pipholic.com/how-to-set-up-an-order.html
there are many things traders usually use as basic consideration on choosing what pair to trade. to mention some, pair volatility and market session are two most important things to be considered.