About Pick of the Day

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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June 2006

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Trade Review: USD/CHF

Posted 7 years ago | 11:15 PM | 15 Jun 2006 | Comments

Man, it's been a tough week to trade, and yesterday was no different. We saw our short order trigger and stop out during the euro session. I still think this pair is going to break out to the downside, but the question is "when?" I guess we won't know until it happens.

Lot 1: -30 pips

Lot 2: -30 pips

Total: -60 pips