About Pick of the Day

Pick of the Day Author

Each day, I will try to find what I believe is the best looking short term trade setup for the upcoming trading day or week. 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. I will post my ideas and/or reviews through out each session right here, on Twitter and on Facebook.

Read First: My Trading Framework!!

Latest Posts

March 2010

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Archives

March 2010
Monthly Archive

Countertrend move in Cable this week? - Trade Closed

Good evening! UK inflation data came out only slightly below expectations, but it was the CBI Distributive Trades that came in as a big disappointment (13 vs the previous month reading of 23) that pushed Cable lower to my stop out level and beyond. … More…

New Short attempt on Cable?? - Trade Closed

Good afternoon! What started out as a great longer term trade for me turned into a short term bust as Cable found support mid-week and closed out strong. See how it panned out!… More…

Easy Fib Play on Cable? - Close Open Orders

Good afternoon forex fanatics! It looks like I missed out again, as the entry on my trade was just above Cable's high point on Friday and I wasn't triggered before the drop.… More…

"Change your thoughts, change your life."
James Allen
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