Well I have to say it's been quite an enjoyable week because I am heavily invested in quite a few shares at the moment and they have all rallied very strongly in recent days. I have held on to most of them, but I've now closed all my spread betting positions, banking some decent profits. As regards my forex trading, there isn't really that much to talk about.

My main 4 hour trading strategy (see right for details) hasn't generated any trades on the major pairs (because they have moved upwards, against the daily trend) and my breakout system, which I mainly use to trade the GBP/USD pair early in the morning, was only called into action on one day (the overnight trading range was far too big on the other days), and that was a bit of a disaster.

The two offending trades were placed on Wednesday. Although there was much anticipation leading up to the vote in Greece, I still thought these two trades would come good. The overnight range was just 33 points so when the price broke downwards out of this range at around 8.50, I immediately opened a short position (at 1.5974). Unfortunately this was a false breakout and I was stopped out at 1.6000 for a loss of 26 points.

After that the price continued rising and broke out to the upside this time. I went long at 1.6025 targeting the R1 level at 1.6054. However although the price did hit this level later in the day, I was stopped out for a loss of 20 points long before then.

So all in all I lost around 50 points this week if you include the spreads, which is obviously disappointing. However my shares more than compensated for this loss and sometimes you just have to accept that you are going to have losing weeks.