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.

Read First: My Trading Framework!!

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November 2006

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Trade Review: EUR/JPY

Posted 23:49 21 November 2006 | Comments

It looks like I over estimated the range that the pair traded in today as the pair never came close to our short entry and came within 5 pips of our long entry. So, no trade on a very boring trading day.

No Trade Entered.

Let’s face it. Traders are looking towards some good food, time off and some relaxation this holiday weekend. This means we’ll continue to see less action this week and possible spikes as the markets lose some liquidity. We do have one more potential opportunity this week in USD/CAD before the holiday, so check out tonight’s “Pick of the Day.” After that, it’s Turkey Day in the US which means no more Picks for the rest of the week. I hope everyone has a happy and safe Thanksgiving weekend!