About Pick of the Day

Pick of the Day Author

At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. 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. Trades will be posted by 1 am ET, Monday through Thursday evening.

Read First: Trade Rules!!

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Last Week in Review

Posted 16:56 23 July 2006 | 0

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!

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Forex Blog: Pick of the Day

"Success is more a function of consistent common sense than it is of genius."
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