There wasn’t enough movement to the upside, even after the CPI report, for a trigger of a very a conservative entry point. No trade entered.
- Blog Sponsors
Every day, I will try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency 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!!
Learn How to Trade Forex. BabyPips.com Is The Beginner's Guide to Forex Trading. Your Best Source for Forex Education on the Web.
While discipline is important, we also have to watch out for when our trading process makes us impose our ideas on what the market should do, instead of reacting to what is actually happening. ...Read More