Monday -70 pips
Tuesday -28 Trade
Wednesday -78 pips
Thursday No trade
Total: -176 pips
Every day, I will try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency 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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Price action was rather choppy during the session, with many pairs milling about in tight ranges. The Greenback did get kicked broadly lower late into the session, though. The safe-haven yen, meanwhile, was well-supported throughout the session. ...Read More