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: NZD/USD

Posted 22:42 27 July 2006 | 0

We saw US Existing Home sales coming in pretty much in line with consensus numbers, so we didn't see a decline. The pair never reached down far enough to trigger our entry orders. No trade.

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