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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August 2006

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Last Week in Review

Posted 7 years ago | 9:28 PM | 27 Aug 2006 | Comments

Monday:	-18 pips
Tuesday:	+75 pips
Wednesday:	+20 pips
Thursday:	-40 pips
Total:	+37 pips

It was a little bit of a frustrating week as there weren’t many market moving reports and traders are still unsure on what to do with the greenback.We still managed to grab 37 pips out of the markets…Not bad!This week should bring many traders back to the markets as we have major releases everyday except on Monday.Let’s get prepared and have a great week!