I finished this week at a slight loss. I lost one trade, and won another.
I opened this short the previous week, just after the BOE released its monetary statement. I saw no real reason for the GBP to rise, and a bearish setup that I'd identified earlier was still valid, so I went short. Price fell halfway towards my profit target before reversing and stopping me out.
This was an "after-weekend continuation" setup. On Monday, I went short at the previous week's Friday high. Price came within 4 pips of my profit target before reversing, and I decided to take profit at 0.4R. I didn't manage this trade well, and I think my emotions got the better of me (my trade would still be open if I had left it).
One thing I noticed was that the overnight swap was very expensive. After leaving the trade open for four days, the overnight swap had cost me over 5% of my position size. New rule: avoid shorting X/CHF pairs.
Be more mindful of negative overnight swap as it can consume your edge. Conversely, favour trades with positive overnight swap.