It has been my experience in forex trading that after consecutive winning streaks comes the losing part. Its a part of life. Let’s see how I hold up this week as I reach the “unlucky” week 13. Shall I make a mistake and end my winning streak? Or shall I go bankrupt this time, again?
The Eurozone is still the hot topic last week. Made an insane amount of profit from Euro affected currency and correlated pairs. A stunning 13%! The only thing that we should watch out for this week is the retracement. Looking at the chart, it seems like it will retrace sooner or later and just in time for the discussion and plans on easing the problem in the Eurozone. Fundamental and technical are holding each other up on this one and it would be pretty interesting what would happen next week.
This could be a good experience should I make a mistake. I’ll be very careful though.
Also, before I forgot, there’s Thanksgiving yesterday and then come weekend. On Monday, it should be a very volatile opening day as the institutional traders will load new trades after getting back from the holiday.
My recommendation: Be careful this week. As all of the Eurozone affected currency might be retracing now.