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!!

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June 2006

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Trade Review: EUR/JPY

Posted 23:07 07 June 2006 | 0

We saw further correction in the pair last night, and it was enough to trigger our long play at 144.76. Soon after the entry, pt1 was hit, while it took the rest of the trading day for the pair to reach pt2. Good job to those who caught some pips!

Lot1: +22 pips

Lot2: +48 pips

Total: +70 pips

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Forex Blog: Pick of the Day

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