Pick of the Day: EUR/USD - Trade Closed
Our trade closed at full profit as the sell off momentum continued at the start of the European trading session. … More…
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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July 2007 Monthly Archive
Pick of the Day: HappySlip
Today's Pick isn't a trade idea...it's a video! It is absolutely hilarious and shows what could potentially happen to you if a hot chick (or stud) finds out yo single self made it rich as a trader and instantly wants to marry you. Watch out fo' them pip diggers!… More…
Pick of the Day: GBP/USD - Trade Closed
Cable rallied ahead of the European open to 2.06 before dropping 100 pips as the Greenback rallied against the majors. … More…
Pick of the Day: USD/CHF - Trade Closed
After hitting our first profit target this morning, USD/CHF found support and rallied back up to our entry level where we adjusted our stop.… More…
Pick of the Day: GBP/USD
Well, after a few days of no trades, we were finally triggered on our short orders as UK GDP came in slightly higher than expected at 0.8% and… More…
Pick of the Day: GBP/USD
Well, it looks like it's all about Cable once again! We have UK Retail Sales as the big event for the European trading session.… More…
Pick of the Day: GBP/USD
Good evening! Today's "Pick" was a difficult one as we have this week's biggest risk events coming later today with MPC Meeting minutes from the UK, US CPI data, and a host of others.… More…
Pick of the Day: GBP/USD - Trade Closed
Well, the market was expecting weak UK CPI data and what did we get? Strong data of course!… More…
Pick of the Day: USD/CHF
Greetings everyone! We're keeping it simple tonight as USD/CHF takes a breather from its downtrend, we look for a possible retracement to jump in at a better price. … More…
Pick of the Day: No Trade
Greetings! No "Pick of the Day" tonight. With the lack of news events we may see little volatility in the markets leaving us with low probability of any breakout trades. … More…
Pick of the Day: USD/CAD - Close Open Orders
Looks like no trade today. We did see volatility in USD/CAD after the Bank of Canada decision to hike rates to 4.5% and hinted at one more hike in 2007 as a possibilty. Unfortunately, it wasn't enough for … More…
Pick of the Day: USD/CHF - Close position
We will close our open position in USD/CHF and we will not enter any new trade orders ahead of the Non-Farm Payrolls report which is due out at 8:30 am EDT later today. The ADP Non-Farm Payrolls data has been… More…
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