Well it's been a difficult and frustrating couple of weeks for me on the trading front. There was just one trade this week using my main 4 hour trading strategy. Admittedly it did bring in a small profit, but it wasn't exactly an overwhelming profit.
The trade in question was on the GBP/USD pair and took place yesterday afternoon. I was (and still am) waiting for this pair to close below 1.6425 on the daily chart in order to begin a new bearish trend, but the fact that it failed to do so, and actually moved up to create an upwards EMA crossover on the 4 hour chart, gave me confidence that I could bank maybe a few hundred points profit in the short-term.
However after entering a long position at 1.6565 the price moved up enough for me to bank my usual 50 point profit (with half the position) but after moving the stop loss up to break-even, the other half was later stopped out.
The annoying thing is that there was also an upwards EMA crossover on the EUR/USD pair but it happened overnight when I couldn't actually trade it.
If the markets continue to be this quiet I will have to start employing some of my short-term trading strategies again. Despite the fact that many of them are profitable, particularly Bill Poulos' ones, I really want to avoid doing that if I possibly can because I much prefer sitting back with my pipe and slippers and watching the 4 hour charts slowly move in my favour. It's far less stressful.
(I don't really own a pipe as I'm only 31. It's just an expression. However sadly I do own a few comfortable pairs of slippers 
)
Anyway have a great weekend.
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