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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July 2006

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Last Week in Review

Posted 16:56 23 July 2006 | Comments

Monday: -80 pips

Tuesday: -60 pips

Wednesday: -60 pips

Thursday: +80 pips

Total: -120 pips

Well, we saw a rough week in trading with a crisis in the Middle East, Fed testimonies, and inflation data. Fortunately, our last trade brought us back into positive pips for the month, and hopefully this week we can close the month out strong. Good luck and good trading!