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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February 2006

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Week in Review

Posted 21:37 26 February 2006 | 0

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!

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Forex Blog: Pick of the Day

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