Pick of the Day: GBP/USD - Trade Closed
Our trade was closed today at our adjust profit targets as Cable saw selling pressure that brought it as low as 1.9450. We exited our trade for a profit as we… 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
January 2008
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January 2008 Monthly Archive
Pick of the Day: USD/CHF - Trade Closed
Our trade was entered and exited on Friday as the Greenback rallied against the Swiss Franc into the weekend. … More…
Pick of the Day: GBP/USD - Trade Closed
Our trade was closed today at our adjust profit targets as Cable saw selling pressure that brought it as low as 1.9450. We exited our trade for a profit as we… More…
Pick of the Day: EUR/USD - Close Open Orders
With the end of the trading day and week for most of the globe, I've decided to close all open orders. No trades today as our short trade entry was missed by… More…
Pick of the Day: GBP/USD - Trade Closed
Our trade was triggered and closed shortly after UK CPI came out slightly above expectations at 2.1% headline. Let's take a closer look at the review chart as an important point about support and resistance can be learned.… More…
Pick of the Day: EUR/USD
Good evening! It's the end of the week and I think we have a chance to jump into the EUR/USD rally at a better price. … More…
Pick of the Day: GBP/USD - Close Open Orders
As I commented below, Cable sold off as soon as the European trading session opened. The rally to the top of the consolidation range didn't materialize; instead the pair… More…
Pick of the Day: EUR/USD - Close Open Orders
Our orders were not triggered yet and with US pending home sales data coming out in a few minutes I would like to get out of the way of event risk by closing our open orders. … More…
Pick of the Day: EUR/USD - Trade Closed
We closed out the day with a small profit on our initial trade. No other trade ideas at the moment as we are approaching the end of the week.… More…
Pick of the Day: EUR/USD - Close Open Orders
With the end of the trading day and week for most of the globe, I've decided to close all open orders. No trades today as our short trade entry was missed by… More…
Pick of the Day: GBP/USD - Trade Closed
Our trade was triggered and closed shortly after UK CPI came out slightly above expectations at 2.1% headline. Let's take a closer look at the review chart as an important point about support and resistance can be learned.… More…
Pick of the Day: EUR/USD
Good evening! It's the end of the week and I think we have a chance to jump into the EUR/USD rally at a better price. … More…
Pick of the Day: GBP/USD - Close Open Orders
As I commented below, Cable sold off as soon as the European trading session opened. The rally to the top of the consolidation range didn't materialize; instead the pair… More…
Pick of the Day: EUR/USD - Close Open Orders
Our orders were not triggered yet and with US pending home sales data coming out in a few minutes I would like to get out of the way of event risk by closing our open orders. … More…
Pick of the Day: EUR/USD - Trade Closed
We closed out the day with a small profit on our initial trade. No other trade ideas at the moment as we are approaching the end of the week.… More…
