18th Trading Week (28th – 30th) of April, 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.

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

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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