Free Forex Signals 12-05-2008

If you are relatively new to this blog, you might want to read these first:

• Order Placing Time
• How to set up an order

Below is previous (09-05-2008)Trade and it's result
GBP/USD
Stop/Limit/Market Order

sell @1.9531
Result : +20 pip profit

Today (12-05-2008) Forex Signals
Best time to place this order: 8.00 (GMT+3) or 5.00 GMT

GBP/USD
Stop/Limit/Market Order

sell @ 1.9497

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

Daily Pivot: 1.9517
Previous Day's HLC (High Low Close) Data

Gbp-Usd
H: 1.9569
L: 1.9459
C: 1.9522

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.