Pick of the Day: USDJPY - Trade Closed
Good morning! It looks like I couldn't catch a break on my remaining position as USDJPY didn't quite reach 88.00 before buyers jumped in and took the pair back above 90.00.… 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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October 2009 Monthly Archive
Pick of the Day: USDJPY - Close Open Orders
Good morning Forex fanatics! It looks like I was a bit too conservative in my entry order as traders didn't want to wait until the market hit the 50% Fib before dropping some sell orders on USDJPY. … More…
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