Once again I drag myself to the screen to make an entry in my journal. The record drawdown in my account has turned my off the markets. For the week, I executed 2 trades. On Sunday, I bought the USD/CAD @ 0.9930 expecting the overbought pair to begin staging a technical rebound. The pair ranged for the whole week and I didn't want to be exposed to the NFP number so I closed out for 50 pips profit on Thursday night. On Friday morning when strong numbers came from both Canada and the U.S., I reentered the long at 0.9868 expecting the pair to rebound. Although the raw Canadian number was stronger when considering the smaller population, the overall unemployment rate in Canada still remains at 5.9% as opposed to America's 4.7%. In the past, the U.S. dollar has moved this pair with far less impressive numbers but, on Friday, that didn't happen. The pair dropped below my 0.9810 stop within 2 hours leaving me with an 8 pip loss for the week.
