20th Trading Week (13th – 17th) of May, 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 13/05/2024

USD/JPY (12:17 am)

Analysis: My reason for buying is due to our weekly market analysis

 

USD/JPY Update (1:25 am)

Manually closed with with +10 pips

 

EUR/JPY (07:16 am)

Analysis: The strong bullish outlook on the daily and 4 hour time frame inspired the buy

 

 

EUR/JPY Update (07:16 am)

Analysis: I manually closed both positions with +10 pips

 

 

TUESDAY 14/05/2024

USD/JPY (07:15 am)

Analysis: My reason for buying is due to our weekly market analysis

 

USD/JPY Update (12.15 pm)

SL hit (-14 pips)

 

 

WEDNESDAY 15/05/2024

EUR/JPY (6.54 am)

Analysis: My reason for buying is due to our Wednesday market analysis

 

EUR/JPY Update (3.19 pm)

Closed at BE

 

NZD/JPY (3.15 pm)

Analysis: A strong bullish print on the higher time frame, and a bounce on a key support zone on the 15 minutes time frame

 

NZD/JPY Update (4.20 pm)

Manually closed with +7 pips

 

 

THURSDAY 16/05/2024

AUD/USD (10.11 am)

Analysis: An overall bullish trend on the higher time frame and a bounce on a key support zone on the 15 min time frame gave us a buy confirmation

 

AUD/USD Update (12.40 pm)

Manually closed with -9 pips

 

AUD/USD Re-entry (4.41 pm)

Analysis: A breakout through a descending trendline on the 15 minutes tf and a strong bullish bias on the daily and 4 hour time frame inspired a second buy

 

 

FRIDAY 16/05/2024

AUD/USD Re-entry Update (2.30 am)

Manually closed with -13 pips

 

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (13/05/2024) USD/JPY BUY  +10 pips
EUR/JPY BUY  +10 pips
TUE (14/05/2024) USD/JPY BUY  -14 pips
WED (15/05/2024) EUR/JPY BUY Breakeven
NZD/JPY BUY  +7 pips
THUS (16/05/2024) AUD/USD BUY  -9 pips
AUD/USD BUY  – 13 pips
TOTAL  -9 pips

 

In conclusion:

The week started off on a good note, but I tried over extending my luck into Thursday and Friday

Yes, I call it luck at this point because most of my setups are not playing out the way they should, due to the market’s erratic behavior. So I am literally scrapping the bottom of the pot to survive. This means me taking lesser trades to survive this cycle

Overall, last week I lost -0.7% to -2%  on different accounts.

How did your trading week go?

 

 

MyFlashFunding ($50k account)

 

MyFundedFX ($25k account)

 

Note: 

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