Forex Trading Tips

Day Trading Idea 10-11-2008

ganes — Mon, 10 Nov 2008 12:50:14 +0000

Mizuho’s technical analysis:
Market is sideways. Suggested strategy is to attempt long (buy) at 1.5700; stop below 1.5400. First target 1.6000. Points to watch: 3rd support (1.5535) and 3rd resistance (1.6200)

Danske’s technical analysis:
Market is in a downtrend. Suggested strategy is to attempt long (buy) if price breaks 1.6201 with first profit target at 1.7235. Place the stops at 1.5530 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)

Points to watch from my pivot-calculation are the 3rd resistance (1.6207) and 1st support (1.5533)

At the time I wrote this, gbp/usd price was ranging around 1.5770. My plan is to place long order if price breaks 1.6200. Anticipate-stops will be at 1.6100. I will place short order if price breaks 1.5530. Anticipate stops will be at 1.5630.

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.

Day Trading Idea 10-11-2008

Daily Free Forex Signal 10-11-2008

ganes — Mon, 10 Nov 2008 00:31:02 +0000

Today’s GBP/USD Forex Signal (10-11-2008)
Best time to place this order is at 05.00 GMT

buy @ 1.5745 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.5705

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 (07-11-2008) trade and it’s result:

sell @ 1.5794 (Profit)

Today’s EUR/USD Forex Signal (10-11-2008)
Best time to place this order is at 05.00 GMT

buy @ 1.2789 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.2749

Previous day’s HLC Price and today’s Support and Resistance Levels

Previous Eur/Usd (07-11-2008) trade and it’s result:

sell @ 1.2775 (Profit)

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.

Daily Free Forex Signal 10-11-2008

Learn to Trade from These Free Trading Videos

ganes — Thu, 06 Nov 2008 23:00:42 +0000

I’ve been thinking that free trading videos would be a big plus for Pipholic. Unfortunately I’m having technical difficulties and time-limitation to provide such learning materials.

There are actually many forex-learning resources which provide free trading videos, InformedTrades is one of them. InformedTrades tries to help people learn to trade by providing trading courses. They incorporate a bunch of free trading videos within their free courses. I browsed around the site and found tremendous amount of info for those who want to know and learn to trade. InformedTrades cover both technical and non-technical sides of trading.

It seems that the host (David Waring) is trying to present the course-materials as systematic as possible. He categorize the course into 8 categories including course on forex, stock, futures and options trading. Up to this point you can see that InformedTrades is not only about forex trading.

I currently enjoy reading articles within Fundamental Analysis category. You know I’m poor in this field. Articles listed there are pretty well-written and has helped me a lot in learning this topic. This sub prime (loan) crisis article for example, gives “two thumbs up” introduction and explanation about sub prime loans and the issues they are causing for the consumer, the economy, and in the financial markets in general. You know that subprime loan has recently been associated to the current US Economic crisis

Learn to Trade from These Free Trading Videos

Daily Free Forex Signal 07-11-2008

ganes — Thu, 06 Nov 2008 22:54:20 +0000

Today’s GBP/USD Forex Signal (07-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.5794( Stop/Limit/Market Order)

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

Daily Pivot: 1.5834

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 (06-11-2008) trade and it’s result:

sell @ 1.5929 (Loss)

Today’s EUR/USD Forex Signal (07-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.2775 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.2815

Previous day’s HLC Price and today’s Support and Resistance Levels

Previous Eur/Usd (06-11-2008) trade and it’s result:

sell @ 1.2926(Profit)

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.

Daily Free Forex Signal 07-11-2008

Daily Free Forex Signal 06-11-2008

ganes — Wed, 05 Nov 2008 22:51:56 +0000

Today’s GBP/USD Forex Signal (06-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.5929( Stop/Limit/Market Order)

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

Daily Pivot: 1.5969

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 (05-11-2008) trade and it’s result:

buy @ 1.5918 (Loss)

Today’s EUR/USD Forex Signal (06-11-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.2926 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.2966

Previous day’s HLC Price and today’s Support and Resistance Levels

Previous Eur/Usd (05-11-2008) trade and it’s result:

buy @ 1.2875 (Profit)

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.

Daily Free Forex Signal 06-11-2008

Intraday Trading Idea 05-11-2008

ganes — Wed, 05 Nov 2008 08:58:19 +0000

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.

Intraday Trading Idea 05-11-2008

Daily Free Forex Signal 05-11-2008

ganes — Wed, 05 Nov 2008 01:41:22 +0000

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.

Daily Free Forex Signal 05-11-2008