I finally realize there is still a problem with Daily Pivot technique caused by the broker time zone difference. The adjustment method I suggested in previous days was really insufficient and could become a big mistake if our broker time zone difference is too wide. I’m going to explain the detail problem in next post. For the time being, you don’t have to make any adjustment. It’s better to use the signal as it.

Today’s Forex Signal 08-01-2008
Best time to place this order: 05.00 GMT

GBP/USD
Stop/Limit/Market Order
sell @1.9681

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

Daily Pivot: 1.9701

Below is previous (07-01-2008) trade and it’s result:

GBP/USD
Stop/Limit/Market Order
sell @1.9726

Result: +20 pip profit
-

If you’re relatively new to this blog, you might want to read below articles for better understanding about this free forex signals service :

• Order Placing Time
• How to set up an order

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• World of Forex Trading » Daily Forex Signals 08-01-2008