This past week, this strategy has demonstrated once again that it isn't about the number of wins, but about their size relative to losses. One trade was responsible for the majority of the week's gains... the GBP/JPY short. There is no doubt that looking at a 38.4% drawdown in equity is massively painful... ($200 down to $123.12) but that is the price one must pay for the opportunity to double an account in a couple of days. We haven't seen that happen yet in this campaign... but it will eventually.
There is also great temptation to change strategies when big wins roll in... but that temptation will be resisted to the last.
New trades have already started coming in with a pretty hard break in the US Dollar's favor this morning... so there's no time to rest on this past week's laurels. The new positions I'll be managing for this week are as follows:
Short 541 GBP/USD at 1.5033 with stoploss at 1.5202
Short 311 GBP/JPY at 132.87 with stoploss at 135.82
Long 1,244 USD/CHF at 1.08 with stoploss at 1.0727
Short 950 EUR/USD at 1.3544 with stoploss at 1.3640
Short 707 EUR/CAD at 1.4237 with stoploss at 1.4366
All except GBP/JPY are showing profits so far. The week is very young... but the Dollar is very strong!
Current account equity: $198.59
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