What a Day... What a Week | Forex Currency Day Trader

What a Day… What a Week

The NFP was not my friend today. Took a short on EUR/USD and got hammered on the reversal. On the other hand my USD/JPY longs are still in play at 30+ pips and counting. Half my lots are set to stop out in profit, the other half is set to stop out at a 1 pip profit. The 4 hour 13 & 21 EMA’s crossed upward and there is still quite some room until the next major trendline is hit.

The week started out well with a couple great trades and some profitable misses where I took profit too soon. Wish I could say the same for Wednesday, I had a major drawdown. I’d rather not talk about it.

The best indicator is intuition and gut feel at times. And sometimes it pays not to listen to anyone else’s advice. I had a bad feeling about Eur/Usd and a good one about Usd/Jpy. Lesson learnt. On the bright side I’m getting better at handling losses. Instead of endulging in an entire jar of Nutella and hating myself for making a stupid monkey move, I had a couple drinks and hit the hot tub. That did me a world of good and I felt refreshed.

This week was not my week. So with that… Pip Another Day!

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Friday, March 5th, 2010 Currency Exchange, Day Trading, Online Trading

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