Signal Update Today :

Buy GBP/USD at : 1.3885

Take Profit at : 1.3905

Stop Loss at : 1.3855

Happy Trading Today

Signal From Daily20Pip

The world is turning to Washington D.C. this week, as the new presided of the United States will start an historical four year mandate. The work to be done is huge and hope is at the extremes. A new large incentive package is expected shortly, but much time is necessary for the current sharp recession to mitigate.

Forex Signal For GBP/USD Thursday January 22th 2008,

BUY GBP/USD 1.3909

take profit 1.3929

stoploss 1.3879

Signal from Daily20Pip

Today signal from Daily20Pip :

SELL A GBP/USD 1.4763

take profit 1.4743

stoploss 1.4793

Signal for GBP/USD today

Sell at 1.4559

Take Profit at 1.4539

Stop Loss at 1.4589

Happy Trading Today

signal from daily20pip

Image via WikipediaLimit Order - An order to buy or sell currency at a certain limit is called Limit Order. When you buy, your order is carried out when the market reached down your limit order price. When you sell, your order is carried out when the market reaches up your limit order price. You can use it to buy currency below the market price or sell currency above the market price. There’s no decrease with limit orders.
Market Order

Stop Order - An order to buy above the market or to sell below the market. It’s usually used as a stop-loss order to diminish losses if the market behaves opposite to what the broker supposed. A stop-loss order lets sell the currency if the market goes below the point appointed by the broker. In Forex market there are four various types of stop-orders.

Market Order - An order to buy or sell at the running market price. Market orders should be used very carefully as in fast-changing markets there’s sometimes a disparity between the price when the market order is given and the actual price of the deal. This occurs because of market decrease. It can lead to a loss or gain of several pips. Market orders can be used to enter or exit a trade.

OCO Order (One Cancels the Other) - An order that used in case if one simultaneously places a limit order and a stop-loss order. If either order is carried out the other is abrogated which lets the broker to make a deal without supervising the market. Once the market reaches up the level of the limit order, the currency is sold at a profit but when he market falls, the stop-loss order is used.

As I said yesterday bullish trend is ahead again,

So signal for GBP/USD today is :

SELL at 1.4559

take profit 1.4539

stoploss 1.4589

Have a nice pips :)

signal from daily20pips