Pick of the Day: USD/CHF - Trade Closed
Looks like we took one to the chin today as the US Dollar rally forgot to stall around 1.0050 against the Swiss Franc, and actually took us all the way up to our… 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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March 2008 Monthly Archive
Pick of the Day: EUR/USD - Close Open Orders
EUR/USD has been in consolidation mode for the last few trading sessions. We just saw a drop in the Greenback against the Euro within the last few hours to break outside of the range. Is the market ready to test 1.59 once again?… More…
Pick of the Day: USD/CHF - Trade Closed
Our trade went our way throughout the Asia/Euro trading session (hitting our first profit target along the way), but after testing .9900, the pair rallied and closed out our remaining position.… More…
Pick of the Day: USD/JPY - Close Open Orders
It seems we missed the boat on today's USD/JPY continued sell off as the pair reached a high around 101.15 before sellers took control in the morning US session. … More…
Pick of the Day: GBP/USD - Close Open Orders
We saw a broad US Dollar sell off during the morning European trading session, but it was quickly turned around at the start of the US trading session with news of the Fed's plan to … More…
Pick of the Day: USD/JPY - Close Open Orders
Our short US Dollar outlook continued to play out through today's trading and hitting new lows against the Japanese Yen, but it do so without… More…
Pick of the Day: GBP/USD - Close Open Orders
Barely any action in Cable today as the pair traded in 60 pip range through out the major trading sessions. Our orders to go long at 1.9770 were not triggered and..… More…
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