About Pick of the Day

Pick of the Day Author

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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June 2006

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Trade Review: USD/CAD

Posted 21:27 21 June 2006 | Comments

Well, the market was forecasting weak retail numbers out of Canada, and of course, the Canadians showed the market how wrong it was! We had a trade prepared for great numbers, and it looks like we capitalized by gaining +80 pips!

Lot 1: +15 pips

Lot 2: +65 pips

Total: +80 pips

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Forex Blog: Pick of the Day

"Instead of thinking about where you are, think about where you want to be. It takes twenty years of hard work to become an overnight success."
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