Forex Journal: Week of April 5 to 9, 2010

This week was a horrible week! :P

I took only two trades–and guess what?! They both had negative results. Haha!

The first one was a short on GBP/JPY at 143.28 which made a swooping -101 pips! I took this trade on a crazy Friday and was left open over the weekend. So, it joined list of hapless trades that were badly affected by the forex gap.

Good for the bulls, bad for me! Grrr…

The second trade was a long position on USD/CHF. Hmm, I had no one to blame anyone but “I, me, myself” for this loss. I shouldn’t take a trade just because someone had taken that same trade! Lesson learned!

Have you, guys, noticed that USD/CHF is the only pair that I have traded aside from GBP/JPY? My focus was stronger on only two pairs but the U-C still managed to be my worst pair! Hmmm, maybe trading is just not my forte… Haha! Just kidding!

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