Pick of the Day: USD/CHF - Close Open Orders
We will close all open trade orders as the pair continued south without a retracement.… More…
About Pick of the Day
Each day, I will try to find what I believe is the best looking short term trade setup for the upcoming trading day or week. 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. I will post my ideas and/or reviews through out each session right here, on Twitter and on Facebook.
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Monthly Archive
Pick of the Day: GBP/USD - Trade Closed
Since we opened our short position on Cable, the pair has been on a roller coaster ride as it dropped down to 2.01, and then… More…
Pick of the Day: GBP/USD
Good morning! I'm looking to short Cable tonight as the pair bounces lower from the 240 MA's. The pair moved lower after the rally, sparked by the interest rate cut yesterday, seems to have… More…
Pick of the Day: EUR/USD - Close Open Orders
Looks like we missed out on our trade as EUR/USD came within 6 - 7 pips of our buy order before rallying up.... … More…
Pick of the Day: USD/JPY - Trade Closed
The Dollar continued to selloff during the Asian/European trading session against the majors, except the Yen. It looks like Japan economic weakness won out against...… More…
Pick of the Day: USD/JPY - Trade Closed
Yesterday, USD/JPY made a move lower beyond 113.00 to hit around 112.60. This movement was enough to move our stop down to 113.75 as planned in the last update. After finding a short term bottom at 112.60 the pair… More…
Pick of the Day: GBP/USD - Trade Closed
After making a low of about 2.0140 in the morning US trading session, Cable rallied up 120 points - hitting our stop at breakeven along the way.… More…
