Pick of the Day: USDJPY - Close Open Orders
Good morning! It looks like I missed out on some strong risk aversion moves as USDJPY made a high around 95.30 (20 pips under my entry level) before dropping lower. … 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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August 2009 Monthly Archive
Pick of the Day: EURUSD - Close Open Orders
Good afternoon! It looks like EURUSD sellers have 1.4380 on lockdown as the pair could not stay above that area for very long during the Asia and European trading sessions, and then fell below 1.4300 during the US trading session. … More…
Pick of the Day: USDCHF - Close Trade
With the end of the European trading session wrapping up and the FOMC interest rate decision and statement approaching, I have decided to close my trade to avoid event risk. … More…
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