Pick of the Day: USD/JPY - Close Trade
Good Morning! Soon after my trade idea, my short position was triggered at 92.00. And after a brief stint in positive territory, USD/JPY has made it's way higher and has broken the falling trendline and… 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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February 2009 Monthly Archive
Pick of the Day: GBP/USD - Trade Closed
Good morning! The US Dollar resumed its run against the British Pound during the Asia and European trading sessions and Cable hit my second profit target. My position was closed at full profit.… More…
Pick of the Day: GBP/USD - Cancel Entry Orders
There wasn't much of a rectracement after the break as 'Cable' only made a high around 1.4565 before continuing the move during the Asia trading session. After a brief spike due to… More…
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