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Weekly Forex Trading Review 01/23/09

Written by Hugh, on January 23rd, 2009

This was a bad week.  I was actually profitable on a pip basis, but dollar wise I lost -2.6% of total equity.  I did some impulsive and irrational trades in the EURUSD.  The trades were as follows:

  • GBPCHF (2 positions) +27 pips
  • CHFJPY +226 pips
  • EURCAD -198
  • EURUSD trade #1  -22 pips
  • EURUSD trade #2  +4 pips
  • EURUSD trade #3  -11 pips

Grand total of +26 pips.  I did a lot of reflection this week on why I did those dumb trades in the EURUSD and I think I got most of it figured out here.  The EURUSD trades really killed me because of the large lot sizes.  If it wasn’t for those trades, I would have been profitable on a dollar basis.




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This post was written by . His goal is to become a professional trader.

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