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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April 2006

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Month in Review

Posted 22:30 30 April 2006 | Comments

As you can see we had a pretty go month in April. We're finally seeing breakouts and trends form in the currency markets as the US dollar is starting to weaken. If you remember, I had technical difficulties the second week of April, so we only had one trade. Who knows what it may have been if we were able to trade that whole week.

For those of you who have followed my "Picks of the Day" for a while you can see a strategy change as I am incorporating more fundamental analysis in my picks. This will continue, and I will review my picks as if two lots were traded and give you the pip totals for each lot.

Well, it's the start of May, and I hope we can continue our recent success!

April 3 - April 7 +49 pips

April 10 - April 14 +15 pips

April 17 - April 21 +106 pips

April 24 - April 28 +39 pips

Total: +209 pips