Forex Forum, Because Sharing is Perfecting

Forex Forum, Because Sharing is Perfecting
I was actually not thinking to provide any forum until recently. I often got questions which are out of my aptitude. What can I do for them? I’m just an individual trader with lack of experience and also time. I know nothing about USD/JPY, for example, or how to do mql programming. Shortly, I decided to […]

I was actually not thinking to provide any forum until recently. I often got questions which are out of my aptitude. What can I do for them? I’m just an individual trader with lack of experience and also time. I know nothing about USD/JPY, for example, or how to do mql programming.

Shortly, I decided to provide a forex forum, with the spirit of sharing is perfecting. You can discuss any forex topic with me and many Pipholic readers. I believe there are many experienced traders who love to share with you (this fellow trader from jakarta or jude who hate bullshit, for example).

To be able to get involve in the forum you need to firstly register, all registration are pending for approval. Once approved, you will receive a confirmation email with the password.

Forex Forum, Because Sharing is Perfecting

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Tags: forex forum, Pipholic, trader

Daily Free Forex Signal 25-09-2008
Today’s GBP/USD Forex Signal (25-09-2008) Best time to place this order is at 05.00 GMT sell @ 1.8490 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.8510 ( see the chart here) Below are previous trade’s result and the Eur/Usd Signals: Previous Gbp/Usd (24-09-2008) trade and its result: sell @ 1.8539 (Loss) Today’s EUR/USD […]

Today’s GBP/USD Forex Signal (25-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.8490 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.8510 ( see the chart here)

Below are previous trade’s result and the Eur/Usd Signals:

Previous Gbp/Usd (24-09-2008) trade and its result:

sell @ 1.8539 (Loss)

Today’s EUR/USD Forex Signal (25-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.4635 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.4655

Previous Eur/Usd (24-09-2008) trade and its result:

sell @ 1.4682 (Profit)

Please note that I don’t use the Eur/Usd signals for live trade. It is here for performance tracking purpose.

Previous Day’s HLC (High Low Close) Data

Gbp-Usd
H: 1.8606
L: 1.8457
C: 1.8466

Eur-Usd
H: 1.4745
L: 1.4602
C: 1.4618

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 signal, please read the 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 25-09-2008

How to Increase Morale at Work
The morale issue is a headache for both managers and employees. Discover some techniques to alleviate the most severe issues.

Daily Free Forex Signal 24-09-2008
Today’s GBP/USD Forex Signal (24-09-2008) Best time to place this order is at 05.00 GMT sell @ 1.8539 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.8559 ( see the chart here) Below are previous trade’s result and the Eur/Usd Signals: Previous Gbp/Usd (23-09-2008) trade and its result: buy @ 1.8541 (profit) Today’s EUR/USD […]

Today’s GBP/USD Forex Signal (24-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.8539 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.8559 ( see the chart here)

Below are previous trade’s result and the Eur/Usd Signals:

Previous Gbp/Usd (23-09-2008) trade and its result:

buy @ 1.8541 (profit)

Today’s EUR/USD Forex Signal (24-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.4682 ( Stop/Limit/Market Order)

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

Daily Pivot: 1.4722

Previous Eur/Usd (23-09-2008) trade and its result:

buy @ 1.4752 ( Loss )

Please note that I don’t use the Eur/Usd signals for live trade. It is here for performance tracking purpose.

Previous Day’s HLC (High Low Close) Data

Gbp-Usd
H: 1.8633
L: 1.8470
C: 1.8573

Eur-Usd
H: 1.4837
L: 1.4622
C: 1.4706

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 signal, please read the 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 24-09-2008

Currency Pairs, What Forex Traders Should Know
It is impossible to explain forex trading without mentioning currency pairs. Term “Currency pair” refers to two currencies which is traded one against another. It is written in a mixed codes represent both traded currencies codes. For example, to represent currency trading of British Pound Sterling against US Dollar, we write and or call it GBP/USD […]

It is impossible to explain forex trading without mentioning currency pairs. Term “Currency pair” refers to two currencies which is traded one against another. It is written in a mixed codes represent both traded currencies codes.

For example, to represent currency trading of British Pound Sterling against US Dollar, we write and or call it GBP/USD or GBP-USD. Below are several basic things related to currency and currency pairs that every trader should knows.

Currency Codes
The common currency codes used recently are based on ISO 4217. It is a list of standard currency names and code elements established by the International Organization for Standardization.

The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes and the third is usually the initial of the currency itself. This coding model has been widely used in many financial companies and activities. We can see that at least it helps eliminating the problem caused by the names dollar, franc and pound being used in many different countries.

Major Currencies
“Major Currencies” usually refer to seven most liquid or most traded currencies in the market. Those seven are US Dollar (USD), British Pound (GBP), Eurozone Euro (EU), Japanese Yen (JPY), Swish Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD).

Minor Currencies
Simply, “Minor Currencies” refer to all currencies other than those major currencies. Following table shows currency distribution of reported market turnover (in %). I captured this from the pdf document of Triennial Central Bank Survey released on December 2007.

Commodity Currencies
In general financial topic “commodity currencies” points to currencies of countries which rely heavily on commodity exports for a major share of their export income. According to IMF studies there are 58 countries which could be included here. In forex trading discussion “commodity currencies” usually refer to the Australian Dollar, Canadian Dollar and New Zealand Dollar

Major Currency Pairs or Major Pairs
Historically, forex is “USD-Centered” by mean that in any currency exchange process the first step had to be a convertion into USD. I’m not sure what the real reason was, it could be related to the world’s economics-reordering after the 2nd World War (which we know has become US-Centered) or probably just for somekind of standardization purpose.

It is probably why in forex trading discussion “currency pairs” often spesifically refers to any pairs which includes the USD. In the opposite, “cross currency” refers to any pairs which doesn’t include the USD.

Then, what is Major Pairs? Some trader use it to refer the seven most liquid pairs: EUR/USD, USD/JPY, USD/CHF,GBP/USD, AUD/USD, NZD/USD and USD/CAD. Some others say that major pairs are only EUR/USD, USD/JPY, USD/CHF and GBP/USD and the other three (AUD/USD, NZD/USD and USD/CAD) are commodity pairs. I think both opinions are acceptable.

Commodity Pairs
As I write above, this term refer to three of the seven most liquid currency pairs:AUD/USD, NZD/USD and USD/CAD. Obviously this classification relate to above definition of “commodity currencies”.

Cross Currency
Also has been noted above, this refer to any pairs which doesn’t include the USD. Cross currencies simplify the process of exchanging currency without any need to firslty convert it into USD.

Currency Pairs Nickname
This is the funny part, some currency pairs have their own nickname. Some are as follow:

Cable for GBP/USD
Euro for EUR/USD
Geppy for GBP/JPY
Loonie for USD/CAD
Kiwi for NZD/USD
Swissy for USD/CHF
Gopher for USD/JPY
Beaver for USD/CAD

“Cable” was given to GBP/USD for a reason that in the old time the synchronization of GBP/USD rate between the London and New York markets were transmitted through a cable running beneath Atlantic sea.

Currency Pairs, What Forex Traders Should Know

Expand Your Business by Offering Choices, Choices, Choices!
Offer more choices to your clients by taking your basic offer and create multiple renditions of it. By puting power fo choice into your customer’s hands, you create win win for your sales and for your clients.

A Review of the SomaLife International Income Opportunity
If you face problems like overweight, insomnia, cholesterol or blood pressure, Soma Life International products can help you. You sometimes wonder how it is possible to eat and not to put on weight, to put your head on the pillow and fall asleep in no time or enjoying a healthy…

A Review of the Slumber Parties Income Opportunity
Slumber Parties, Inc. sells a variety of lingerie and adult products. The company focuses on novelty and gift items to enhance romantic encounters. As their catalog of goods is geared towards women consumers, the company also offers income opportunities for women. As a Slumber Parties distributor, you will sell and…

This entry was posted on Saturday, September 27th, 2008 at 11:30 pm and is filed under General section. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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