16th trading week (17th – 21st of April 2023 trade journal)

My reason for keeping a journal is to encourage traders to also keep one for two major reasons:

  1. Track weekly trading performance.
  2. have enough data, in order to be able to work on their trading technique and psychology

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

 

MONDAY (17/04/2023)

GBP/CAD (2 pm)

Analysis: The 2 weeks old trade finally hit the trailing SL with +58 pips

 

 

CHF/JPY (9.50 pm)

Analysis: My reason for selling CHF/JPY can be seen on our Tuesday market analysis

 

SATURSDAY (22/04/2023)

CHF/JPY Update

Analysis: The only decent setup I invested in on CHF/JPY just refused to materialize this week. I will be holding it into next week to see how it plays out.

 

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (17/04/2023) GBP/CAD SELL + 58 pips
CHF/JPY SELL  Pending (-71 pips)
TOTAL   + 58 PIPS

In conclusion:

Another uneventful week for me this week. Ranging markets and poor RR made me stay off the market.

My trailing SL rules paid off on the GBP/CAD trade. If I had not taken the +58 pips off the table, I would have closed the week with 2 bad pending trades.

It was another profitable week for us, looking forward to next week, how did yours go?

 

NOTE:

If you are interested in taking any of the proprietary firm’s challenges, hit any of the links below and get a discount:

 

 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)