Well it's been a real roller-coaster of a week this week and disappointingly I actually ended the week in the red. There were 3 trades in total but unfortunately 2 of those trades turned out to be losing ones.

Both these losing trades were on the EUR/USD pair. The daily Supertrend was still red so I was only looking for downward EMA crossovers on the 4 hour chart. There were two occasions when the EUR/USD did start to cross over but after entering a short position they subsequently crossed back up again and I had to close out for a loss.

The first instance was on Wednesday morning when I entered at 1.3299 and closed out at 1.3350 for a loss of 51 points, and the second was on Thursday morning when I entered at 1.3290 and closed out at 1.3347 for a loss of around 57 points.

The winning trade was on the USD/JPY pair. I was only looking for long positions on this one as per the daily Supertrend indicator and there was a good opportunity to do so when the EMAs crossed upwards on the 4 hour chart on Thursday morning. I went long at 98.80 and ended up closing half the position for 50 points and closed the other half for 70 points at 99.50.

Annoyingly I could actually have ended the week comfortably in profit because the GBP/USD crossed nicely upwards this afternoon (and has since risen by nearly 200 points) but I had already decided to call it a day by then and wasn't even looking for any possible trades. To be honest I probably wouldn't have opened the trade anyway as I don't like opening new positions on Friday afternoons.

So all in all while it was of course disappointing to have a losing week, I'm not going to beat myself up about it because I didn't do anything wrong as regards my trading system. I was simply unlucky this week. Thankfully I win far more than I lose in the long run.

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