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: GBP/USD

Posted 21:48 06 July 2006 | 0

Numbers out of the UK came out as expected and we saw little movement in the market compared to the normal volatility that we usually see. This is also due to the fact that US non-farm payroll report is coming out tomorrow; so many traders are on the sidelines waiting for that report. No trade triggered today.

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