I have recently edited and added more detail to article contains my explanation of forex pip. I hope you can spend a litle time to read it.

Today’s GBP/USD Forex Signal (04-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.7741 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.7761

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

Previous Gbp/Usd (03-09-2008) trade and its result:

sell @ 1.7830 ( No Trade)

Today’s EUR/USD Forex Signal (04-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.4452 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.4472

Previous Eur/Usd (03-09-2008) trade and its result:

sell @ 1.4509 ( No Trade )

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

Previous Day’s HLC (High Low Close) Data

Gbp-Usd
H: 1.7844
L: 1.7666
C: 1.7772

Eur-Usd
H: 1.4530
L: 1.4384
C: 1.4503

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 signal, please read the both trading the gbp/usd and pipholic gbp/usd daily pivot trading.

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