About Pick of the Day

Pick of the Day Author

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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August 2006

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Trade Review: EUR/JPY

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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"The big shots are only the little shots who keep shooting."
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