Well it was a very enjoyable week this week because my main 4 hour trading system generated five decent trading opportunities from the three major pairs that I trade. Therefore I didn't need to resort to some of my other trading systems, which I only really use when the markets are quiet.

So let's start with the GBP/USD pair first of all. I actually broke one of my trading rules here. The daily Supertrend for this pair turned green for this pair last week (and is still green) so I should only have been looking for long positions but I just didn't feel confident that the pair would surge through the 1.50 level. Also this pair had been rising since February 3 without seeing a downwards EMA crossover and was looking seriously overbought according to several other technical indicators so I thought a short position would pay dividends.

The EMAs did finally cross downwards and I opened a short position at 1.4703 soon afterwards. I was somewhat surprised at the swiftness of the resulting fall, but after closing half the position for 50 points I closed the other half later in the day as soon as it touched 1.4500. I was very pleased with this profit but obviously I could have banked a lot more profits if I had held on for a few more days.

(The GBP/USD attempted to cross upwards today and would have yielded a small profit entering on the 2 hour chart but it happened overnight so I was unable to trade this position unfortunately).

The EUR/USD provided three decent trading opportunities this week. The daily Supertrend was red so I was only looking for shorting opportunities on this pair. It actually crossed over several times but none of them really had much momentum behind them, although they were sufficient enough to be profitable when using the 2 hour chart for entry.

The first crossover happened in the middle of the night but the other three occurred on Tuesday, Wednesday and Thursday. With the first two trades I entered a position and managed to bank my usual 50 points but the other half was automatically closed out at break-even on both occasions. The final position looked more promising as it dropped around 140 points from my entry point, but typically the one time I hold on and aim for several hundred points is the time that it doesn't actually do so, so this position ended up being closed out at break-even as well.

The one other position that I traded this week was on the USD/JPY pair. This one was also ripe for shorting according to the daily Supertrend and after the EMAs crossed downwards on Tuesday afternoon I used the 2 hour chart to get a good entry point and went short at 90.68.

I closed half at 40 points (I always close half the position for 50 points on the GBP/USD and EUR/USD pairs and 40 for the USD/JPY pair) and let the other half run. Again though this one failed to fall as anticipated and was closed out at break-even.

So it was a very profitable week on the whole but it was very much one of missed opportunities because it had the potential to have been one of my best ever.

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