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!!

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August 2007

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Pick of the Day: None

With the lack of any major events within the next 12 to 24 hours, I don't see much movement for tomorrow. We will probably see more range trading or maybe more risk aversion throughout the day. So no trade tonight, but stay tuned as we may have something to roll with if any surprises comes in global events.

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Im personally short EUR tonight. :)

"A ship in harbor is safe - but that is not what ships are for."
John Shedd
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