The first thing I did this week was to go back through the 8 pairs in my day-trading portfolio and see what the results would have been if I would have been able to trade last week. I didn't do this because I was upset, or wanted to see how much profit I missed. Trust me I'm quite fine with not trading because that means I'm not losing money. Rather, as always, I wanted to continue to train my eyes in identifying patterns and different setups. Anyway here are the results.
Mon: -30pips, Tues: +66pips, Wed: --48pips, Thurs: +51pips, Fri: +92pips,
Giving us a total of +131pips for the week. I've only been trading on the 5min charts since the second week of November and I think that I've had only 1 negative week. Honestly this is a little shocking, because as a swing trader are drawdowns are often longer. Ending the year on a positive note (unlike last year) has me pretty pumped for 2012, add to that the fact that I'll be getting the chance to help train and work with others and that's a gift in itself. I'm sure i'll be writing again before the season is over but if not I want to wish you a happy holidays and hopefully, like me, you can use this down time to work and try and improve some aspect of your trading.