Since the beginning of this month's Trader Contest I've been trading mostly GBP\USD and EUR\USD and going nowhere with them. I still believe that GBP is due for a big fall but the question is when this is going to happen. Euro is clearly trading against its major trend, so each time it goes up I try to get on with a short position which later gets hits a SL or brakes even. I guess I should have traded euro long from the start but it's so hard to take such decision, given the fact that it has a history of spiking up and then going down violently, in a spectacular fashion.


So, my equity is tied up in trades that go nowhere and I'm close to the starting balance. In the meantime I missed on such great trading opportunities with AUD & NZD. I also traded USD\CAD yesterday but I closed it too early with only about 50 pip profit, had I waited a little longer...oh well...
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