About Pick of the Day

Pick of the Day Author

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!!

Latest Posts

May 2007

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Archives

April Pip Count

Apr 2 - Apr 6
+60 pips
Apr 9 - Apr 13
+45 pips
Apr 16 - Apr 20
-45 pips
Apr 23 - Apr 30
-50 pips
Total:
+10 pips

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Rating: 0/5 (0 votes cast)

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Archived Comments (5)

Just new to this site. From the positive comments I am looking forward and excited about the information to become a better trader. Thx

+10 pips for a month of april?

I'm afraid so vitaminM... I did well the first 2 weeks, and then took hits in the last two weeks... I was actually out of town for the last two weeks, doing the Picks on the road. It's no excuse, but I definitely wasn't fully focused as I was during the first 2 weeks...

can't expect to win 'em all.

pipcrawler, how do you determine your buys/sells?

Hey adriant, I analyze fundamentals and price action for direction... and then I'll use technicals for entry points - mostly support and resistance indicators like trend lines, pivot points, fibonacci, and previous s&r levels.

"The big shots are only the little shots who keep shooting."
Christopher Morley
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