Pick of the Day: USD/JPY - Trade Closed
Our short position has closed as it looks like carry traders return to the market and sell the Yen all the way to 110.00.… 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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November 2007 Monthly Archive
Pick of the Day: USD/JPY - Trade Closed
Looks like our trade stopped out as traders return to risk by buying back into higher yielding assets and carry trades. … More…
Pick of the Day: EUR/USD - Close Open Orders
It looks like consolidation did lead to a breakout in EUR/USD, but unfortunately we didn't catch it as the rallied instead of dropped as hoped for.… More…
Pick of the Day: USD/JPY - Trade Closed
Good evening! Sorry about the late update, but me and a few of the FX-Men decided to take a last minute trip to the Trading Expo in Las Vegas! It was a great trip as we got to meet some great traders and… More…
Pick of the Day: USD/CHF - Trade Closed
It looks like we were in and out of a quick trade last night as momentum to the downside resumed and hit our first profit target. … More…
Pick of the Day: GBP/USD - Trade Closed
Cable bulls came in as hoped to push the pair back up to 2.09. Our position closed at full profit...… More…
Pick of the Day: EUR/USD - Trade Closed
Volatility brought EUR/USD back down after our trade adjustment yesterday to breakeven, closing our remaining position out. … More…
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