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.

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March 2006

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Trade Review: EUR/JPY

Posted 21:23 13 March 2006 | Comments

The pair moved up to within 2 pips the R1 line and moved down again. I took the entry order off before 8:00 am EST as suggested before the Non-Farm Payroll Report at 8:30 am EST. No trade.

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