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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August 2006

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Trade Review: EUR/CAD

Posted 22:04 29 August 2006 | Comments

pt1, but narrowly missed pt2 before it rose back up and our second lot we closed at break even. There wasn't much going on in the pair as German Consumer Confidence came in as expected, so we were pretty lucky to catch a little unexpected volatility in the session. Congrats!

Lot 1: +20 pips

Lot 2: +00 pips

Total: +20 pips