24th trading week (12th – 16th of June, 2023 trade journal)

My reason for keeping a journal is to encourage traders to also keep one for two major reasons:

1. Track weekly trading performance.
2. have enough data, in order to be able to work on their trading technique and psychology

Both can only be done when you keep a comprehensive journal, and review it every week.

MONDAY (12/06/2023) 

NZD/USD (9.45 pm)

Analysis: The sell was inspired from our weekly market analysis

TUESDAY (13/06/2023) 

GBP/CAD (2.05 pm)

Analysis: My reason for selling is because price is at a key resistance zone, and also below the 200 ma. Note that there is a high impact GBP news (Gov Bailey speaks) scheduled for 3 pm.

So We have less than an hour to either make profits and move on, or decide if we are to hold the position through the news

GBP/CAD Update(2.48 pm)

+3 pips and out

NZD/JPY (6.05 pm)

Analysis: The buy was inspired from our Wednesday market analysis

WEDNESDAY (14/06/2023) 

NZD/JPY Update

Analysis: Closed with +2pips

THURSDAY (15/06/2023) 

USD/CAD (9.30 pm)

Analysis: This setups was first sighted on our weekly market analysis, but materialised on Thursday

FRIDAY (16/06/2023) 

USD/CAD Update (10 pm)

Analysis: Finally locked +27 pips with my trailing stop loss, and am done for the week

Trade activity summary for the week

In conclusion: 

This week ought to have been an inactive week for me because of the loaded news calendar with high impact news. There were some A setups which I could not resist, so I was EXTREMELY conservative pushing tight stop loss on my trades, hence the few pips gained on my winning trades.

NZD/JPY would have fetched me over 200 pips as it moved so well. I had to also exit the USD/CAD despite it being bearish. Hopefully we continue selling next week.

How did your trading week go?

NOTE:

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• MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
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