First Loss for the Week trading the Forex Markets

I had a really good week this week.. every day being a winning day until today (admitedly I didn’t trade Monday)! This was quite disappointing as I was hoping to close the week on a roll. Anyway, nothing is guaranteed in trading, so long as I win more than I lose, my account balance will continue to grow.

My trade today was a short on the USDJPY, the longer term charts, the market was going south so I was looking for short trades. The market went down a little before it reversed. Looks like I shorted at the end of the intraday downtrend which was annoying but there you are.

A 21 pip loss but still a good week overall!

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Category: Forex trading, Trading