Position Play on USD/CHF - Trade Closed
No luck for my position trade attempt on USD/CHF as Friday's weak US data crushed the Greenback's recent gains. … 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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March 2012
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March 2012
Monthly Archive
Double Top on USD/JPY? - Closed Trade
Good morning forex friends! Not much action for USD/JPY this week after the big move sparked by Big Ben, and with the market trading at a potential support area ahead of the fast approaching weekend, I've decided to close my trade up for a small profit. … More…
Shorting EUR/USD for the Session - Trade Closed
Good morning! There was no action in Wednesday's session, so I decided to hold on to my short orders going into today's Asia session hoping to play some range bound action ahead of today's big events. See how it played out!… More…
A Swing Range Play on Cable Back Down? - Trade Closed
Good morning! Last week, both of my positions were triggered and the top of the range held. With a big week on the calendar coming up, I've decided to close down shop to avoid event risk. … More…
