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.

Read First: My Trading Framework!!

Del.icio.us Bookmark

Technorati Favorite

Latest Posts

July 2006

S	M	T	W	T	F	S
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

Pick of the Day: None

Posted 20:00 25 July 2006 | Comments

It's a pretty dead market right now with no significant news reports set to be released. Also, there weren't any chart patterns that stood out to me on any of the pairs, so no pick of the day this evening. Don't want to force a trade when there aren't any potentially profitable ones in sight.

On Thursday, we have US economic reports including Durable Goods Orders, and new home sales. We should have nice trading opportunities before those reports as we see traders position themselves for potential volatility. So, kick off your shoes and relax your feet. Enjoy a day away from the markets. See ya Thursday!