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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September 2006

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Last Week in Review

Posted 21:30 17 September 2006 | Comments

Monday:	-5 pips
Tuesday:	-40 pips
Wednesday:	No Trade
Thursday:	+80 pips
Total:	+35 pips

Like last week, we started off slow, but managed to get a win or two and positive pips for the week. This upcoming week looks exciting as we have oil and gold prices currently declining, and major economic reports for all the major currencies coming out all week. Most notably, we have the interest rate statement out of the US on Wednesday, so price action should be interesting leading up to that event. The weekend is over, so let's get ready to rock and collect some pips!