Only 1 trading position taken this week, and if you've read my 4 hour trading strategy you will probably be able to guess straight away which position I took.

I only generally trade the GBP/USD, EUR/USD and USD/JPY (and sometimes the GBP/JPY as well) and the first two of these pairs went straight down without any EMA crossovers so there were no opportunities to trade here, which just leaves the USD/JPY.

The daily Supertrend for this pair was green so I was only looking to go long on the 4 hour chart and there was a perfect opportunity to do so when my favoured EMA's crossed upwards on Thursday.

I went long at 109.52 and as it was the first position of the week I decided to let it run as long as possible, rather than closing half the position early like I normally do. I moved my stop loss up to break even and ended up closing out the entire position on Friday for a nice profit of 83 points in total, after deducting the spread.

Who says that forex trading is a stressful occupation? Yes I'm sure it is if you spend all day trading lots of positions for 5-10 points each, but if you only look for 1 or 2 good trading opportunities a week then it's not stressful at all.

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