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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November 2006

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Week in Review

Posted 18:38 26 November 2006 | Comments

We were expecting a short and uninteresting week with the lack of any major fundamental reports and the holidays which kept traders in the US and Japan from their trading stations. For the most part it was pretty uneventful until that surprise USD selloff right before Turkey Day. This cause our only open trade for the week to stop out! Dohh!!!!

This week looks to be action packed with major reports coming out all through the week. So, let's get ready and get focused, and we'll see if we can end the month of November strong and in the black!

Tuesday: No Trade
Wednesday: -40 pips
Thursday: Holiday - No Trade
Friday: No trade
Total: -40 pips

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Archived Comments (2)

Great stuff I am impressed, keeps getting better whooraa,(evarything looks fine so far no critiecs) you fellas are really helping me alot thanks! Yours: James

tradeinup | Posted 21:09 27 November 2006

Thanks James... Glad you like the new site!

pipcrawler | Posted 00:16 28 November 2006

Forex Blog: Pick of the Day

"In the middle of difficulty, lies opportunity."
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