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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June 2006

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Trade Review: USD/CAD

Posted 21:27 21 June 2006 | 0

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

"I've always believed that if you put in the work, the results will come. I don't do things half-heartedly. Because I know if I do, then I can expect half-hearted results."
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