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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December 2006

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Pick of the Day: None

Posted 00:00 20 December 2006 | Comments

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!