Well it's been quite a frustrating week this week, not least because my free trade carried over from last week was just stopped out on Monday. If my stop had been a few points lower I could potentially have banked over 300 points. The rest of the week wasn't much better either as my 4 hour trading system only generated one decent trading opportunity.
This was on the EUR/USD pair on Wednesday morning but thankfully it was a profitable trade at least. I entered a long position at 1.4070 after the EMAs crossed upwards on the 4 hour chart and despite initially moving against me I did manage to close out half the position for 50 points later in the day. Furthermore it's extremely rare but I managed to get out right at the top because I set my target price for the second half of the position at 1.4200, so this was a very good result.
There were also two set-ups (for long positions) on the USD/JPY pair however I couldn't get a decent entry point with the first upwards crossover and I didn't really feel confident about the second (which wasn't quite a crossover but more of a continuation of the upwards trend).
So in the end apart from a few short-term trades, the EUR/USD trade was my only trade of the week.
Hopefully we will start to see a little more volatility next week after the holiday period is over (Happy Independence Day to my American readers by the way).
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