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.

Read First: Trade Rules!!

Latest Posts

December 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

Archives

Pick of the Day: None

Posted 00:00 20 December 2006 | 0

No pick for tonight. With the lack of any major news reports and as traders get ready for the holiday season, I don't see any potential trading opportunites within the next few hours. We do have the Bank of England Meeting Minutes at 4:30 am EST, in which the market has predicted that it was a 9 - 0 vote to keep interest rates unchanged. This event does have market moving potential, as it may hint at future interest rate moves, but we will wait until after the report to see the markets reaction and if there are any potential trade opportunities. Until then stay tuned!

Comments (0)

Post a Comment

Oh snap! You need to be signed in to post comments! If you're already a BabyPips.com member, please sign in. If you aren't part of our ridiculously cool club, please register. It's free! And cool.

Forex Blog: Pick of the Day

"Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it."
Lou Holtz
Clicky Web Analytics
Feedback Form