Unfortunately due to personal circumstances I was unable to trade this Week. One trade was taken, A GBP:USD short that delivered around 150 pips over a 24 hour period, but sadly I wasn't able to post an analysis ahead of the trade. This trade therefore will not be listed in the Trades log. Hopefully things will quieten down this Week and I'll be able to get some new analysis up.

A lot of indecision from me this Week! The 2nd half of the EUR:AUD swing short was closed for a loss of -180 pips. Taking into account the +321 points taken on the first half of the trade, this gave an overall aggregate profit of +141 points. It's a real shame this trade didn't work out because technically everything looked good. Of course its possible that it will still reverse as the previous major swing high hasn't been decisively taken out, but the chart does look much less bearish than it did when the trade was taken so probably best to be out in the short term.

With low volumes and little going on in the markets things still remain quiet. The 2nd half of the EUR:AUD short is still running and went into the Weekend showing a loss of around 70 pips. I'm preparing myself to closing this position if it rallies past the 61.8% retrace of the current short term swing move. I'm also quite relieved I took half profits when I did even though at the time I was worried I'd regret it. Apologies for not having put this trade in the trades log yet, totally forgot about it!

No new trades were opened this Week as the mid-Week analysis for both FTSE and USD:JPY has thus far failed to materialise. I closed half the EUR:AUD swing short for +321 pips and left the other half to run. It was my intention to bring the stop loss down to breakeven but i didn't do it straight away and when I next looked at the chart I couldn't believe how fast it had rallied and the 2nd half of the trade is now showing -150 pips. Basically we've seen a 500 point rally in just a couple of days. I'm quite concerned about the trade now so will see how things look tomorrow and may take the loss on the 2nd half. In doing so I should still come out of the position with an overall aggregate profit. Without doubt I'm definitely pleased I took half profits when I did as things could be looking much worse had I not done so.

Another quiet Week with the only trade taken being a re-entry of a previous set-up on EUR:AUD. Since Thursday's sell off price has recovered a fair bit so it is now my intention to lower the stop loss to just above the 1.4290 area which will allow for a 61.8% retrace of the current "correction". I think strength above 1.4290 would suggest bulls remain in control and if a topping process is taking place it could take longer than anticipated. A stop out at 1.4290 would close the trade for a 50 pip loss whereas as things stand the trade is showing a profit of 80 pips.

Here's hoping you had a better trading Week than I did! Despite last Week's promise to re-enter the EUR:AUD swing short I missed the favoured re-entry level on Monday and beyond that it just kept selling off (around 400 pips in total) with no decent retraces to catch a good entry. Nonetheless on Friday it rallied like hell almost reversing the whole Week's losses, so I'd have probably ended up back where I started anyway!

One new swing trade was taken this Week in the form of a EUR:AUD Swing short. In view of the risk attached due to there being very little technical confirmation that I'd be able to pull the trade off, I decided to close it and go flat into the Weekend with a view to re-opening it next Week when further confirmation is in place. The trade delivered 120 pips profit in less than 18 hours so the result was quite satisfying. If and when this trade is re-entered I'll post details in the comments section under the relevant supporting post.

Due to family circumstances I was unable to update last Week's trading over the Weekend. Nonetheless you haven't missed much as no new trades were taken. This morning I entered a GBP:NZD long with a view to posting the analysis tonight, but within a few hours the trade was showing +176 points so I just banked it. I'll continue to watch the chart with a view to trading the long side again if we see further confirmation that a correction low is in place.