About Pick of the Day

Pick of the Day Author

At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. 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. Trades will be posted by 1 am ET, Monday through Thursday evening.

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August 2007

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Pick of the Day: None

Posted 23:41 01 August 2007 by Pipcrawler

With potentially market moving data coming up later today, most notably Interest Statements for the Eurozone and UK, that will be no "Pick" this evening as we may see small, limited moves ahead of time.

Both the ECB and MPC are predicted to keep rates the same, so if we see any surprise moves, be ready to make some moves.

So, no trade ideas until after the interest statements, ok? Stay tuned as if I see any potential new trends, we will come up with an idea then. Get it? Got it? Good! :)

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