22nd Trading Week (27th – 31st) 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 27/05/2024

GBP/JPY (7.15 am)

Analysis: I bought GBP/JPY due to my bullish bias on the 4 hour and daily tf. Coupled with the higher lows formed on the 15 minutes time frame

GBP/JPY Update (8.26 am)

Closed using a trailing SL (+19 pips)

EUR/JPY (4.30 PM)

Analysis: My reason for buying the EUR/JPY, is the same as seen on the GBP/JPY

EUR/JPY Update (5.40 pm)

Closed using a trailing SL (+16 pips)

TUESDAY 28/05/2024

EUR/JPY  (3.15 pm)

Analysis: Strong bullish bias on the larger time frames, and a bounce on a key support level and 200ma on the 15 min tf gave me a buy confirmation

EUR/JPY Update (3.48 pm)

Closed using a trailing SL (+8 pips)

EUR/JPY  (7.19 pm)

Analysis: A break above key resistance zone prompted my buy

EUR/JPY Update (7.23 pm)

Manually closed with a loss (-15 pips)

WEDNESDAY 29/05/2024

GBP/USD (12.15 pm)

Analysis: This was one setup I had to take from my device because I was in transit. I had to mark the kill zones on my mt5 mobile app. It was worth it

GBP/USD Update (12.15 pm)

TP hit (+11 pips)

THURSDAY 30/05/2024

AUD/USD (10.00 am)

Analysis: A bullish pinbar at a key support zone, and an over sold stochastic prompted a buy on the AUD/USD

AUD/USD Update (12.30 pm)

I manually closed with +5 pips. This is one trade that could have hit TP, but the red folder news at 1.30 pm refrained me from holding the trade

Trade activity summary for the week

In Conclusion:

My 6th sense in the market last week was top notch

My only wish was that….

There was no red news event on Thursday when I took the AUD/USD trade. That would have propelled me to close the week with a minimum of +4% ROI.

So, I am closing the last week of the month with a +2.7% ROI

How did your trading week go?

Trade activity summary for the month of May

In Summary: In the month of May, most of my profits were swallowed in the 4th week. So I closed the month of May with

+0.2 to +0.5% ROI

Looking forward to a better June.

How did your month of May go?

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