Uneventful Week Trading

by Trader Rich

It has been a pretty uneventful trading week for me so far. The lack of any major economic announcements this week will mean a lot more waiting during the US session.

I have managed to squeeze out 11 pips so far on 3 trades but I remain on the sidelines with no longer term trades. I've been looking at the charts the past couple of evenings but they seem totally foreign to me right now. I cannot seem to make sense of anything and I'm not going to jump into anything until they do make sense.

The poll from last week asked the question, "How many pips did you make or lose last week?" It garnered 14 responses which showed that most of us did pretty well last week:

8 respondents were profitable, 5 unprofitable with 1 losing 100+ pips, and 1 respondent broke even.

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