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As stated, in my Pick yesterday, I placed my orders at 8:00 am EST. We did see movement after the Factory Orders report was released, but not enough to trigger the trade recommendations. Hopefully, everyone followed the Pick recommendation and waited until 8:00 am EST before entering orders, otherwise you would have been stopped out.

No trades entered.

Please remember to read the entire Pick of the Day, and not just the entry/exit levels. The foreign exchange market is an ever changing environment. If I see the need to make a change in the method, I will state so in the analysis. Also, all of my charts I use for analysis are one hour charts, unless stated otherwise in the analysis. You can also find the time frame in the actual charts I post. They are in the upper left hand corner. Just click on the charts and you can see them in more detail. I hope this helps. On to the next trade.

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.