It's been a very short trading week for me because I was in hospital on Monday and Tuesday and was still a bit groggy on Wednesday (I'm fine now by the way). As it turned out I probably should have taken the whole week off because my only trade of the week occurred earlier today and it turned out to be a losing one.

It was on the GBP/JPY pair and it looked like the EMAs were about to cross downwards but unfortunately it turned out to be a false crossover. I entered a short position at 152.98 and ended up taking a 78 point loss including the spread.

So it's been a poor trading week but I can at least console myself with the fact that if I had been here all week, I would have grabbed some nice profits from the upward EMA crossovers that took place on the GBP/USD and EUR/USD pairs.

Anyway sorry for the lack of emails and blog posts this week but I'm back to normal now and should have some more material for you next week.

In the meantime if you would like to check out my main 4 hour trading strategy, you can do so by filling in the short form to the right.