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 17/06/2024
USD/CAD (12.45 pm)
Analysis: An overall bearish outlook on the higher timeframe, and a bounce off a key resistance zone on the 15 min time frame encourage the sell
USD/CAD update (2 pm)
SL hit (+13 pips)
AUD/JPY (2 pm)
Analysis: A decent bounce on a key support zone and 200 moving average supports our need to buy
TUESDAY 18/06/2024
AUD/JPY Update (3.20 am)
Manually closed at +16 pips
USD/CAD (7.30 am)
Analysis: Selling USD/CAD due to the reversal candlestick pattern formed on the daily time frame, on a key resistance zone
USD/CAD Update (8.42 am)
SL hit (-13 pips hit)
WEDNESDAY 19/06/2024
NZD/USD (8.15 am)
An overall bullish bias on the NZD/USD, and a bounce on a key support zone inspired a buy
NZD/USD Update (10.47 am)
Closed at breakeven
USD/CAD (12.03 pm)
Analysis: A bearish overall outlook, and price bearish breakout through a key support zone on the motivated the sell
USD/CAD (3.45 pm)
Manually closed the trade with +9 pips
THURSDAY 20/06/2024
GBP/JPY (5.36 am)
Analysis: A bullish breakout on the 15 mins time frame and a bullish bias on the daily time frame inspired a buy
GBP/JPY Update (7.57 am)
SL got hit (-24 pips)
GBP/JPY Re-entering (9 am)
Analysis: After price hit my SL, it continued the initial bullish move, and I bought
GBP/JPY Update (11.57 am)
Manually closed with +15 pips
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (17/06/2024) | USD/CAD | SELL | – 13 pips |
AUD/JPY | BUY | +16 | |
TUE (18/06/2024) | USD/CAD | SELL | – 13 pips |
WED (19/06/2024) | NZD/USD | SELL | Breakeven |
USD/CAD | SELL | +9 pips | |
THUS (20/06/2024) | GBP/JPY | BUY | -24 pips |
GBP/JPY | BUY | +15 pips | |
TOTAL | -10 pips |
In Conclusion:
USD/CAD milked me last week.
I lost -2.7% to the market, and the major reason was because USD/CAD was full of fish bones. So on every USD/CAD trade I took on the 15 minutes time frame, price cleared my SL before heading to TP.
The same thing happened with the GBP/JPY, which I had to re-take, but the reduced risk, had no significant impact on my drawdown. So far I have had 3 losing weeks, and a little above -5% loss on my trading capital
I would rate my execution 90%, but the outcome was way below par. The market had the final say
That said, I look forward to a profitable week
How did your trading week go?
NOTE:
Our telegram group: https://t.me/+UujC4KoBe1AN0fnK
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