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.

Read First: Trade Rules!!

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June 2006

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Trade Review: USD/CHF

Posted 23:15 15 June 2006 | 0

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

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Forex Blog: Pick of the Day

"Failure is a part of success. There is no such thing as a bed of roses all your life. But failure will never stand in the way of success if you learn from it."
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