Pick of the Day: EUR/USD - Trade Closed
Well, the bullish momentum for more risk taking has continued as US earnings have surprised to the upside. Resistance at 1.4000 and 1.4100 have failed to hold and the pair made its way up to… 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.
Read First: Trade Rules!!
Latest Posts
July 2009
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 |
Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
July 2009 Monthly Archive
Pick of the Day: USDJPY - Close Open Orders
We saw a bit of volatility, and potential shift in sentiment today as we saw risk aversion in USDJPY beginning in the European trading session. A bit of help to Yen bulls when consumer confidence data in the US printed a… More…
Pick of the Day: USDCHF - Close Open Orders
Yo Yo! Man, it looks like my trade never materialized as USDCHF barely missed the 1.0950 level before dropping down to 1.0800 and beyond. Doh! It's the end of the week and … More…
Pick of the Day: USD/JPY - Close Open Orders
Good evening! It looks like I couldn't get into any positions this week as USDJPY did rise towards 97.00, but not enough as the pair did not trigger. With a possibly wild economic day coming up, I have decided to avoid event risk and close my trades orders out.… More…
Blog Sponsors
