Many times I wonder if my system or style of trading is making any progress. Heck yes it is! I had a down week this week which was my first down week in the past 3. I lost about 40 pips or so all week. However, in the past few weeks, I have had some huge gainers. The biggest thing about this week was I took only the trades that met my criteria. I didn’t force or “manufacture” trades. There is not one trade I made this week that I regret..
The great news is this has been a choppy, non trending week in the currency markets. On Thursday, some trends began to develop or continue and next week should pose some great opportunities.
So here are this weeks trades.
3 weeks ago, my profit was 376 pips
Last week, my profit was 60 pips.
This week my loss was 40 pips.
I am happy with the results and will continue to hone my skills.
All that being said, I want to talk for a few minutes about trend following. What is the definition of trend following. Hang on and let me google it…
According to wikipedia… trend following