Pick of the Day: EUR/USD - Trade Closed
Looks like our adjusted stop was triggered as volatility in EUR/USD seemed to increase throughout the US session, moving the pair back and forth between 1.58 and 1.59 today.… 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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Monthly Archive
Pick of the Day: USD/JPY - Trade Closed
A little bit of volatility at the open of trading this week momentarily popped up USD/JPY above 108.00 and took us out at our stop.… More…
Pick of the Day: USD/JPY - Close Open Orders
Closing open orders as USD/JPY only made a high of around 106.80 today before dropping all the way back down to current levels - just above 106.00. We missed the move on this pair and… More…
Pick of the Day: USD/JPY
Good morning! For a while now, we've been watching USD/JPY price action consolidate, but with the renewed fears in the US financial markets last week, we may have finally seen a breakout… More…
Pick of the Day: EUR/USD - Close Open Orders
EUR/USD retraced a bit higher as hoped, but missed our short entry orders as sellers stopped the rally around 1.5740 and pushed the pair lower.… More…
Pick of the Day: EUR/USD - Close Trade
EUR/USD rose and then fell below 1.58 throughout the morning European trading session, but with private US employment data coming out worse than expected, reporting a loss of… More…
