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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September 2006

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Trade Review: USD/JPY

Posted 21:37 14 September 2006 | Comments

What a boring day in USD/JPY!! While we saw some action in the majors, nothing too major about this pair as it stayed in a 40 pip range. It was pretty much expected with the major events coming up this weekend, but I thought it would at least continue to drift lower. Well, I am going to keep an eye on this pair and possibly put on a low risk position on before the weekend. If I do, I'll post it on my blog, but for today....no trade.