Pick of the Day: GBP/USD - Trade Closed
A nice end to the week as my long entry orders were triggered and full profit was attained as risk appetites grew after US Government put together plans to halt the credit-market freeze.… 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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September 2008 Monthly Archive
Pick of the Day: USD/JPY - Close Open Orders
The US Congress failed to pass the $700B plan today, leading to risk aversion and a sell off in USD/JPY. It's highly improbable that we will see my short orders at 107.50 as the outlook for the… More…
Pick of the Day: EUR/USD - Trade Closed
My remaining position closed yesterday at break even, shortly after the adjustment as we witnessed wild swings during yesterday's trading session. … More…
Pick of the Day: USD/JPY - Trade Closed
My trade was closed at the end of the US trading session as USD/JPY rallied throughout the day. The pair hit its low of the day just above 106.00 before buyers bought back in on speculation on a possible… More…
Pick of the Day: USD/JPY - Close Trade
We saw a nice run down in USD/JPY today as the pair took a hit on risk aversion and weak initial claims numbers. The pair seems to find support just above 107.00, and with the close of the US session approach, it looks like… More…
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