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

June 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

Trade Review: NZD/USD

Posted 23:10 06 June 2006 | Comments

As suspected, we saw dollar buying at the beginning of the euro session open. Shortly after the open there was a strong reversal, but not enough to hit our stop loss level. Dollar buying resumed and we saw pt1 hit, and then we closed our position at 5 pm EST. Hopefully, everyone caught some pips!

Lot1: +15 pips

Lot2: +16 pips

Total: +31 pips