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.

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Trade Review: AUD/USD

Posted 20:23 11 June 2006 | 0

On Friday, we saw the pair trade higher during the euro session and our short trade was triggered. Unfortunately, the pair just going higher and we were stopped out a couple of hours after the trade triggered.

Lot 1: -30 pips

Lot 2: -30 pips

Total: -60 pips

P.S. - Don't forget to check out Big Pippin's and Pipcrawler's new signal blogs!

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