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.
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?
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