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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