17th trading week (24th – 28th 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 (24/10/2023)

CHF/JPY (10 am)

Analysis: Manually closed with -140 pips loss

CHF/JPY (9.30 pm)

Analysis: My reason for buying was shared on Tuesday market analysis

GBP/CAD (9.30 pm)

Analysis: My reason for buying was shared on Tuesday market analysis

TUESDAY (25/04/2023)

CHF/JPY UPDATE  (10 am)

Analysis: Closed manually with -174 pips

WEDNESDAY (26/04/2023)

GBP/CAD Update (10.05 am)

Analysis: I scaled in nice on GBP/CAD and I closed manually using the trailing stop loss. This trade fetched me +165 pips on both positions

USD/JPY (9.30 pm)

Analysis: My reason for buying was shared on our Thursday market analysis

THURSDAY  (27/04/2023)

USD/JPY UPDATE (10.05 am)

Analysis: Locked +5 pips before taking the GBP/CHF trade. Trade also closed with +5 pips as there was a huge pullback before the high impact news

GBP/CHF (10.10am)

Analysis: Price closed with a bullish engulfing candlestick after hitting a key support zone on the daily time frame. hence my hunt for a bullish entry

GBP/CHF Update (10.10am)

Analysis: Trailing SL  closed the trade with +15 pips. I could have made more, but I was trading defensively since its the last week of the month

In conclusion:

The week started with a pending trade (CHF/JPY) from last week going bad. I also suffered another loss from a pseudo breakout on the same CHF/JPY.

This week ended in profits because of a super trade (GBP/CAD).  I was able to not just scale my GBP/CAD trade, but also push my money management to the metal when a golden opportunity presented itself. The last two trades (GBP/CHF and USD/JPY) was icing on the cake

So I may have closed the week in deficit when it comes to pips, but in profits when it comes to profits. 

It was a challenging week in the market but I am happy with the way I executed my trades 

Trade activity summary for the month

NOTE:

In the month of April I had just one losing week (1st week). The other weeks were profitable. Also my number of trades have dropped by over 50%  when compared to the first quarter, which brings us to that quote which says: “Less is More” or “Quality over Quantity”

Overall, I closed The month of April in profits, can’t wait for the month of May

How did yours go?

NOTE:

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• MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
• BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter