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!!

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February 2006

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Week in Review

Posted 21:37 26 February 2006 | Comments

We had two open trades during the week. One winner and one loser. Now it would have been two winners, but I was a little too tight on the EURJPY stop recommendation. It's okay though. We made a plan and followed it which makes them both successful trades. So for the week I'm down -19 pips. Not good but not bad either.

For those of you who took more than 10 pips a trade then you would have done nicely. I plan on adjusting the rules of my daily pick because I am constantly tweaking my methods, so be on the look out for that next week. Have a great weekend!