For the week, I executed 2 trades. I bought the USD/CAD @ 1.0275 on Monday morning with expectations of a retracement in the afternoon. The hoped for retracement never materialized so I exited the trade in the evening for 10 pip profit. On Thursday, after the massive moves in all of the currencies against the greenback, I went long the USD/CHF @ 1.1710 again expecting a profit-taking rally in the pair. I risked 50 pips and nearly lost it as the pair dropped to within 2 pips of my stop. The pair hit my limit the next morning for 50 pips profit. Altogether, I booked 60 pips profit and gained 120 pips on the AUD/CAD with 20 pips protected.
While trading was successful for the week, floating losses on my outstanding positions caused even larger drawdowns in my account. I have not come to terms with those yet.
