Pick of the Day: EUR/USD
Good Evening! For the last "Pick" of the week will take a look at EUR/USD for a possible resistance play on the horizon.… 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
December 2007
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December 2007 Monthly Archive
Pick of the Day: USD/CHF - Trade Closed
It looks like we ended the month on a positive note as the Greenback continued to sell off, pushing USD/CHF to our second profit target and close out our trade.… More…
Pick of the Day: EUR/USD
Good Evening! For the last "Pick" of the week will take a look at EUR/USD for a possible resistance play on the horizon.… More…
Pick of the Day: GBP/USD - Trade Closed
As expected, we saw a bit of volatility from this morning's economic reports. Our short entry orders were triggered late in the morning European trading session and fell just enough to… More…
Pick of the Day: USD/JPY - Trade Closed
The FOMC decided to cut rates by 25 basis points today and it looks like the "buy the rumor, sell the news" scenario played out as riskier plays sold off right after the report. … More…
Pick of the Day: EUR/USD - Close Open Orders
EUR/USD fall as hoped on the backs of weak Eurozone retail sales data and a upside surprise in the ADP Nonfarm payroll report. Unfortunately, our orders were not triggered before the move.… More…
Pick of the Day: GBP/USD - Trade Closed
Cable retraced during the morning European session and triggered our short position at 2.0650. There was enough volatility to take us down to 2.0600 - our first profit target. Unfortunately..… More…
Pick of the Day: GBP/USD - Trade Closed
As expected, we saw a bit of volatility from this morning's economic reports. Our short entry orders were triggered late in the morning European trading session and fell just enough to… More…
Pick of the Day: USD/JPY - Trade Closed
The FOMC decided to cut rates by 25 basis points today and it looks like the "buy the rumor, sell the news" scenario played out as riskier plays sold off right after the report. … More…
Pick of the Day: EUR/USD - Close Open Orders
EUR/USD fall as hoped on the backs of weak Eurozone retail sales data and a upside surprise in the ADP Nonfarm payroll report. Unfortunately, our orders were not triggered before the move.… More…
Pick of the Day: GBP/USD - Trade Closed
Cable retraced during the morning European session and triggered our short position at 2.0650. There was enough volatility to take us down to 2.0600 - our first profit target. Unfortunately..… More…
