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: Update

Posted 10:26 07 December 2006 | 0

No surprise today as the European Central Bank followed market expectations by raising interest rates from 3.25% to 3.50%. We saw minor volatility afterwards as the pair moved in between a 40 pip range even. With the Eurozone's strong economy and analysts expectations of a strong US jobs number tomorrow, EUR/USD will probably stay range bound for the rest of day as traders are uncertain of direction. So, no trade for today and we will get ready and focus for the US Non-Farm Payrolls report tomorrow at 8:30 am EST.

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

"An ounce of action is worth a ton of theory."
Friedrich Engels
Clicky Web Analytics
Feedback Form