Pick of the Day: EUR/USD
Tonight, we have a nice, basic technical setup on EUR/USD. A weak USD sentiment is still in play ahead of the FOMC decision this week, but we may see… 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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Latest Posts
October 2007
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October 2007 Monthly Archive
Pick of the Day: None
Well, we're about to embark on another wild ride tomorrow as the event that all traders have been waiting on (for what seems like forever now)...the FOMC interest rate decision!… More…
Pick of the Day: EUR/USD
Tonight, we have a nice, basic technical setup on EUR/USD. A weak USD sentiment is still in play ahead of the FOMC decision this week, but we may see… More…
Pick of the Day: EUR/USD - Close Open Orders
It looks like the bears were not able to hold 1.43 for long as EUR/USD continued to rally on weak dollar sentiment...… More…
Pick of the Day: None
We have the big economic event of the week in US New Home sales tomorrow at 10:00 am EDT. Weak numbers are expected of course, especially after… More…
Pick of the Day: USD/CHF - Trade Closed
We managed to snag a few pips yesterday as our trade closed at break even as the pair rallied back up from 1.1710 to our entry point where we adjust our stop. … More…
Pick of the Day: EUR/USD - Trade Closed
EUR/USD broke out of its range yesterday as the Dollar sold off against the majors. … More…
Pick of the Day: Cable - Trade Closed
The MPC Meeting Minutes event turned out to whipsaw the markets as Cable drop as the report was released as expected, but ran into a wall of support at 2.03 before rallying up higher. … More…
Pick of the Day: USD/CAD - Trade Closed
USD/CAD rallied up to .9800 during the Euro trading session before dropping once again below our entry point. … More…
Pick of the Day: USD/JPY - Cancel Open Orders
USD/JPY pushed higher and found resistance at 117.50 before dropping lower, then settling in the middle of today's range. No trade was triggered, and I have decided to… More…
Pick of the Day: EUR/USD - Trade Closed
Our position closed this morning at our adjusted stop loss as we saw a broad based USD selloff and a return to risk as equities rally in the US.… More…
Pick of the Day: EUR/USD - Trade Closed
Our short position on EUR/USD closed yesterday as the Dollar rallied on surprise strength from the ISM Non-Manufacturing data....… More…
Pick of the Day: GBP/USD - Close Open Orders
We will close all open orders to short as Cable did not make the move lower as hoped.… More…
Pick of the Day: EUR/USD - Close Open Orders
It looks like the bears were not able to hold 1.43 for long as EUR/USD continued to rally on weak dollar sentiment...… More…
Pick of the Day: None
We have the big economic event of the week in US New Home sales tomorrow at 10:00 am EDT. Weak numbers are expected of course, especially after… More…
Pick of the Day: USD/CHF - Trade Closed
We managed to snag a few pips yesterday as our trade closed at break even as the pair rallied back up from 1.1710 to our entry point where we adjust our stop. … More…
Pick of the Day: EUR/USD - Trade Closed
EUR/USD broke out of its range yesterday as the Dollar sold off against the majors. … More…
Pick of the Day: Cable - Trade Closed
The MPC Meeting Minutes event turned out to whipsaw the markets as Cable drop as the report was released as expected, but ran into a wall of support at 2.03 before rallying up higher. … More…
Pick of the Day: USD/CAD - Trade Closed
USD/CAD rallied up to .9800 during the Euro trading session before dropping once again below our entry point. … More…
Pick of the Day: USD/JPY - Cancel Open Orders
USD/JPY pushed higher and found resistance at 117.50 before dropping lower, then settling in the middle of today's range. No trade was triggered, and I have decided to… More…
Pick of the Day: EUR/USD - Trade Closed
Our position closed this morning at our adjusted stop loss as we saw a broad based USD selloff and a return to risk as equities rally in the US.… More…
Pick of the Day: EUR/USD - Trade Closed
Our short position on EUR/USD closed yesterday as the Dollar rallied on surprise strength from the ISM Non-Manufacturing data....… More…
Pick of the Day: GBP/USD - Close Open Orders
We will close all open orders to short as Cable did not make the move lower as hoped.… More…
