11th Trading Week (11th – 15th) of March, 2024 trade journal)

My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:

  1. Track your weekly trading performance.
  2. Build a better psychology, which will sharpen your trading intuition

Both can only be done when you keep a comprehensive journal, and review it every week.

 

MONDAY 11/03/2024

GBP/USD (8.08 am)

Analysis: Based on the 4hr breakout shared on our Weekly Market analysis, I was expecting a break outside the range on the 15 mins TF… Sadly price reversed all together on the lower time frames and this trade hit SL (-17 pips)

 

USD/CAD (10.25 am)

Analysis: Selling based on our Weekly Market analysis… USDCAD hit SL a couple of hours later (-29 pips)

 

GBP/USD (12.45 pm)

Analysis: Capitalizing on price bouncing off the 200 ma I bought… Price still hit my SL (-23 pips)

 

 

FRIDAY 15/03/2024

Analysis: This EUR/CHF trade was taken on Tuesday last week. It’s currently 12 pips up, and I am holding it into the second week

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (11/03/2024) GBP/USD BUY  – 17 pips
USD/CAD SELL  – 29 pips
GBP/USD BUY  – 23 pips
FRI (08/03/2024) EUR/CHF BUY   Pending
 TOTAL  – 69 Pips

In conclusion:

Last week was a streak last week for me. After having 3 bad trades in a row, I decided to stay off the market to reset my mind.

The one week old trade (EUR/CHF) closed in profits last week, but I decided to let it run into this week.

I lost almost -3% of my trading capital last week, and I am hoping this week closes in profits. How did yours go?

 

NOTE:

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