My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track your weekly trading performance.
- 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.
SUNDAY 28/04/2024
EUR/USD (11.23 pm)
Analysis: My reason for selling very early is due to my bias based on our Weekly Market Analysis
MONDAY 29/04/2024
EUR/USD Update (5.10 am)
SL got hit (-18 pips)
AUD/JPY (12.55 pm)
Analysis: My reason for buying is due to my bias based on our Weekly Market Analysis
AUD/JPY Update (6 pm)
Closed at breakeven
TUESDAY 30/04/2024
GBP/USD (10 am)
Analysis: The strong bullish close on the daily time frame inspired a bullish bias, hence my reason for buying GBP/USD
GBP/USD Update (11 am)
Closed at breakeven
AUD/JPY (2 pm)
Analysis: My reason for selling was because on the daily time frame AJ, along side most JPY pairs are currently around a key resistance zone if you view them through the weekly time frame. So I had a bearish bias, but not something I would love to hold for long
AUD/JPY Update (3 pm)
Manually closed with +11 pips
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| SUN (28/04/2024) | EUR/USD | SELL | -18 pips |
| MON (29/04/2024) | AUD/JPY | BUY | Breakeven |
| TUE (23/04/2024) | GBP/USD | BUY | Breakeven |
| AUD/JPY | SELL | +11 pips | |
| TOTAL | – 7 PIPS |
In conclusion:
It was a tricky week and I lost about -0.9% of my capital to the market
I had great opportunities to make it back through my breakeven trades, by just closing them manually, since the market was ranging for the most part, but I was hoping that TP’s will be hit so I was not that aggressive
In all, I am happy my loss for the week was kept low, and it did not affect my results for the entire month of April.
Overall, my stats:
- 25 trades
- 18 trades were profitable
- 6 trades were not profitable, and
- 1 breakeven
- 72% win rate
I closed the month with a +6% ROI. Patience, money management and proper execution of my setups played a big role. Looking forward to a profitable month of May
How did yours go?
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