Pick of the Day: EUR/USD - Trade Closed
After a quiet Asia and European trading session, EUR/USD rallied big time midway through the US session as traders pushed the market up from 1.2450 to 1.2800 - over 300 pips. This brought my … 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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November 2008 Monthly Archive
Pick of the Day: USD/JPY - Close Trade
What's up everyone! It's the end of the week and as we see risk tolerance grow this afternoon I have decided to close my trade out to avoid weekend event risk. … More…
Pick of the Day: GBP/USD - Trade Closed
The MPC came to play today as they cut a whopping 150 basis points! That brings the interest rates in the UK down to 3.00 percent and a lot of volatility to Cable. The pair shot down shortly after… More…
Pick of the Day: USD/JPY - Close Trade
Greetings! With the US elections wrapping up, bringing a bit more certainty to the environment, and a continued reduction in interbank borrowing has brought a bit of risk appetite back to the markets.… More…
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