President’s Day is is the common name for the US federal holiday officially designated as George Washington’s Birthday. Celebrated each year on 3rd Monday of February. Private banks, stock and futures exchanges are generally closed on this day as well. Thus, low liquidity is expected for the New York Forex session.

Low liquidity/volume of traded USD usually give significant impact to GBP/USD price volatility. Since my free forex signals are for trading GBP/USD, i think it’s better not to trade today.

I actually don’t have much time to write longer article this time, however let me write 2 email from Pipholic readers (as a Forex Questions and Answers).

(Q= question/comment, A= (my) answer/response):

Q: (from Malaysia, I write it as is)

Just learn about your blog today. Very interesting to learn on your effort of
coming out with own technique to trade. I’m new in the forex trading. As of
today, I’ve read a lot of info thru google about forex for past 3 months. I’ve
also attend class on forex. I paid RM800-00 for the class. To share with you, I
still dont understand a lot of things how to trade forex successfully. At times
I regret attend the expensive class that does not help me to understand forex
as a beginner. Hopefully I can share my doubts and queries thru your blog.

A : (my response)

As of my own experience, learning forex really need a time. Patience is the key, as I often say. I’d really appreciate if you’d like to share your forex learning experience through my blog. You can write any article about any of your forex experience,thought, failure…anything. I will be glad to post it on pipholic.

Q :

I am new to forex. I am very interested in receiving your signals daily but
would like to know entry price and exit price (rather then pips).

A :

I indeed give the entry point in “exact price”. However, about the exit point, I usualy write it in ‘pip’ because i consider the data feed difference between each broker used by some readers. Especially the difference in “spreads”. It will be more confusing if I write the exit point in an “exact price”.

It should be easy for you to add the entry price with 20 pips (as a profit target) and -30 pips (as a stop loss). You have enough time to calculate because signals are given at least 4 hour before the entry time.

Well, those are worth reading emails from Pipholic readers last week. By the way, I edited the MB Trading Review few hour ago. Giving it some additional info, please kindly read it and share your experience with MB Trading (if any)