Does a Trendline Break Mean a Further Move Lower for Cable? - Trade Closed
Well, that trade didn't last too long as volatility continued to push Cable down and up during today's Asia and European trading session.… More…
About Pick of the Day
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.
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August 2010 Monthly Archive
Triangle Breakdown Leads to More Selling in Cable? - Trade Closed
And the choppiness continues! There was no follow through to the downside after a nice break of the falling triangle and major support area. … More…
USDJPY Continuing to Channel Lower? - Trade Closed
USDJPY ultimately did not move my way this time as the pair touched the top of the falling channel, dropped and narrowly hit my first profit target before rallying. The rally was enough to break the upper end of the channel and move to my stop. … More…
Swing Lower in Guppy? - Trade Closed
Good morning! With the Bank of England interest rate decision quickly approaching, I have decided to lock in profits to avoid event risk.… More…
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