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

January 2012

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Archives

January 2012
Monthly Archive

Flipping Back to Short EUR/USD - Trade Closed

Good afternoon! Both of my short positions triggered during the European trading session, and I was lucky enough to get the price action I had hoped for. But did I execute well? … More…

USD/CHF Downtrend to Continue? - No Trade

While we didn't see much follow through in price action during the Asia session, the European session traders were ready to jump in the momentum sparked by the Fed yesterday. Unfortunately there was no pull back higher for USD/CHF and no trade for me. … More…

One More Push Higher for the Euro? - Trade Closed

Good afternoon forex friends! It looks like potential support area was tested and held during the European trading session, but with the weekend quickly approaching I've decided to close up shop for the week. See how the day played out... … More…

My Day Trade to Play UK CPI - Trade Closed

Good afternoon! As I expected, we did see a good amount of volatility after a very slow Monday trading session. But it wasn't only UK data that moved the markets, China and Spanish bond sales played a nice role too. Check it!… More…

Giving EUR/USD Short Another Go - Trade Closed

It's Friday the 13th, and while the Eurozone's luck may have run out with S&P today, it was all good for my short trade EUR/USD. Check out how it all went down!… More…

Looking for a Pullback in the EUR/USD Downtrend - No Trade

Good evening! Thanks to Fitch and weak German data, it was big moves for EUR/USD today, but unfortunately my entry orders were missed by like two pips! Check it out...… More…

"Problems cannot be solved at the same level of awareness that created them."
Albert Einstein
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