Easy Fib Play on Cable? - Close Open Orders
Good afternoon forex fanatics! It looks like I missed out again, as the entry on my trade was just above Cable's high point on Friday and I wasn't triggered before the drop.…
About Pick of the Day
At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. Trades will be posted by 1 am ET, Monday through Thursday evening.
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March 2010
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Pick of the Day
New Short attempt on Cable?? - Trade Closed
Good afternoon! What started out as a great longer term trade for me turned into a short term bust as Cable found support mid-week and closed out strong. See how it panned out!…
Return to AUDUSD weakness? - Trade Closed
Good morning to all you Asia session traders and welcome back to another fabulous week of FX trading! It looks like my trade triggered and moved my way, but it looks like I couldn't get a big enough move on this trade. Check it!…
Another Short Opportunity on EURUSD? - Trade Closed
Good morning friends! And what a wonderful morning it is to open up the charts and see that my second profit target was hit! Euro weakness persisted throughout the morning European trading session and the EURUSD hit 1.3550 to close me out.…
Another chance to jump in EURUSD downtrend? - Close Trade
Good evening! My trade was triggered during yesterday's European trading session and it looked like sellers jumped in by the bunches after the market hit 1.4000. It was pretty much downhill from there for the euro, and with some nice profits and major news coming up, I have decided to…
USDJPY - Close Trade
Good morning! I've been holding on this short USDJPY for while, but I've failed to get the break and follow through that I have been hoping for. With the NFP data coming out this week, and the continued uncertainty of the current market/political environment, I have decided to close this trade down for now.…
EURUSD setting up for a move down? - Close Open Orders
I had two ideas on EURUSD short, and it looks like I focused on the wrong one this time as EURUSD didn't make its way much higher before "dropping like it's hot!"…
10 Forex Tips for 2010
Good Day Mates! I hope everyone had a wonderful holiday season, but it's time to get back on the Forex trading grind! After reviewing my trades in 2009, I have decided to refresh my trading rules and share them with you all. Let's start 2010 fresh by getting back to basics!…
Pick of the Day: EURUSD - Trade Closed
Yikes! Eurozone data came out a bit weaker as expected, but what wasn't expected was the market reaction and EURUSD dropping it's entire average daily range on the pair!…
Pick of the Day: EURUSD - Close Trade
Happy Jobs Friday to all! Well, I've been sitting on this EURUSD range for a whole week and it looks like it took the US jobs data to get it out of its funk! Surprisingly, positive headline numbers and revisions has given my EURUSD position a nice boost!…
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