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Forex Day Trading Signal For GBP/USD
Today’s Forex Signal 14-01-2008
Best time to place this order: 05.00 GMT
GBP/USD
Stop/Limit/Market Order
buy @1.9581
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 1.9561
Below is previous (11-01-2008) trade and it’s result:

Opening-range breakout techniques has long been favorite of intraday stock index traders. A similar technique can be used in the currency market to capitalize on price moves in the British pound.
Day trading the foreign currency (forex, FX or interbank) market is definitely one of the more challenging endeavors an aspiring trader can pursue. The higher [...]

This strategy is originally created by Philip Nell a veteran stock trader with more then 10 years experience. This has been tested for trading EUR/USD and GBP/USD. I like the way it define market motion. Though this is a great trading system, I personally don’t use this since I don’t like trading in 5 minute [...]