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!!

Del.icio.us Bookmark

Technorati Favorite

Latest Posts

August 2006

S	M	T	W	T	F	S
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Trade Review: GBP/USD

Posted 20:54 06 August 2006 | Comments

Non-Farm Payroll came out lower than expected at 113K versus the consensus of 150K. As a result there was a broad based US dollar sold off, and massive pip movement in GBP/USD. Actually, there was a USD selling before the report, so I had a great feeling we would collect pips that morning! We collected +130 pips and started August off right! Hope everyone did well on this one!

Lot 1: +40 pips

Lot 2: +90 pips

Total: +130 pips