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.

Read First: My Trading Framework!!

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April 2006

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Trade Review: USD/CHF

Posted 23:01 18 April 2006 | Comments

Yestersday's pick came within 6 pips of hitting PT1 before it reversed back and made another attempt to drop. I recommended closing all postions at 3 pm EST. I closed at 1.2729 for a gain of 14 pips.