Week 5 Forex Performance

May 29, 2006 by Trader Rich 

I took a 3 day break from doing anything forex related over the Memorial Day Weekend.  Sometimes 3 days isn't even enough time off from this craziness.

My Week 5 performance basically wiped out most of my gains from week 3 and week 4.  I had 6 profitable trades, 6 unprofitable trades, and 1 scratch.  I lost a total of 69 pips or $619.40.  Eventually having a poor risk/reward will come back to bite you.   

What am I going to change this week? Not much.  I am going to try to let my profits run this week.  I don't have much more to say right now about this.  I just don't.

The newest Commitment of Traders report from Friday is processes and can be found at http://www.forexproject.com/Forex_Volume/

We have some economic announcement's this week that could be nice market movers, the FOMC meeting minutes released on Wednesday and the always interesting Nonfarm Employment change on Friday.

 

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