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.

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Trade Review: EUR/JPY

Posted 22:22 15 August 2006 | 0

Well, the chart says it all – besides a little volatility at the beginning of the Euro trading session, this pair went virtually no where. Of course, we shouldn’t be surprised. Many pairs have been stuck in a trading range as economies around the world are second guessing what central banks may do in the near term. So, the EUR/JPY stay virtually flat and no trade was triggedr. On to the next trade!

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Forex Blog: Pick of the Day

"Most things which are urgent are not important, and most things which are important are not urgent."
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