ForexSpirit

I had a nasty cold for most of the past week. It started last weekend with a sore throat which morphed into a stuffy nose and sinus headaches.

If you’re not feeling at the top of your game it makes no sense to trade. Since I was feeling under the weather I make a conscious decision not to make any major trading decisions. It certainly helped that there was hardly any action of note in the currency pair that I trade. Price was very much rangebound in EUR-USD all week as the chart of this week’s activity shows.

On Monday the price target for my open Q3 trade from the previous week was hit at 1.3185. On Wednesday, feeling slightly better, I opened a new Q3 trade at my b-day level of 1.3122. On Thursday I followed that with another b-day trade long at 1.3097.

Friday saw price return to the top side of the current range and my trades from Wednesday and Thursday hit their targets, with 50 pips profit on the Thursday trade and 35 pips profit on the Wednesday trade. I was also able to close out one of my old trades from early January when price hit 1.3180 again. That leaves just one old trade open from when the US dollar surged in early January.

So four trades were closed out for profit this week. Not bad at all, considering how conservative I wanted to be.