Friday, June 19, 2009

Breakeven Week 25

I'm ending the week at almost breakeven, gaining only +14 pips. Tough week characterized by the dollar being alternated to bull and bear. And it takes a lot to catch both. Think about catching a 2-trillion-dollar bull or a 2-trillion-dollar bear!

The breakout on the EUR/USD I wrote previously did not materialize despite the German PPI printing better than expected. I am watching out for this breakout next week.

Hopefully, next week (Week 26) will be more profitable. I am now on three consecutive weeks in positive territory. Yahoo!!!

I will also up the ante on my trades. Starting next week, I will be trading 6 lots at a time. I'm still contemplating on dividing my trades into halves of thirds. Let's see monday.

Greater profit opportunities but riskier.

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