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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August 2006

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Trade Review: EUR/CAD

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

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