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

April 2010

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Archives

April 2010 Monthly Archive

Will Short-term Support Hold on EURUSD? - Close Trade

Good morning Forex friends! Looks like I caught a bit of luck last week as EURUSD crept within two pips of hitting a 1.32 bid before rallying furiously on Friday and bringing me to profitable territory! … More…

Pick of the Day: GBPUSD - Close Trade

Good afternoon friends! We saw quite a bit of volatility in Cable since I posted my trade idea as the pair jumped back and forth between 1.54 and 1.55 this week. With the weekend approaching fast, I have decided to close the trade to avoid weekend event risk. … More…

Time for USDJPY to rally strong?? - Trade Closed

Buenas noches mis amigos! Looks like the downtrend kicked off during yesterday's Asia session continued throughout the European and session, pushing USDJPY down to my stop at 93.40 and close out my trade. … More…

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