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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Month in Review

Posted 22:52 30 July 2006 | Comments

July 3 – July 7	+93 pips
July 10 – July 14	+55 pips
July 17 – July 21	-120 pips
July 24 – July 28	-10 pips
July Total:	+18 pips

We had a great start to July as we easily ran up to a high of about +168 pips, but we had a streak of large losses in the third week….dooooohhhhhh!!! We still managed to close out the month in the black, but not by very much. Trading is tough, and we’re going to have to constantly tweak our methods and stay on top of fundamentals.Thanks again for checking out Pipcrawler’s Pick of the Day, and let’s hope for some great trades in August!