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 01/07/2024
AUD/USD (9.15 am)
Analysis: Overall bullish outlook on the daily timeframe and a bullish breakout through the rectangle gave us a buy signal
AUD/USD Update (1.26pm)
SL hit -19 pips
CAD/JPY (2.30 pm)
Analysis: The buy was inspired by our weekly market analysis
CAD/JPY Update (2.30 pm)
SL hit -29 pips
There was an ISM manufacturing PMI news on the USD (red folder news event), which I did not take seriously, but it had effect on most currency pairs, so it took me out
CAD/JPY Re-Entry(10.38 pm)
Analysis: The daily candlestick still strongly bullish, and a decent opportunity to re-enter the trade
TUESDAY 02/07/2024
CAD/JPY Re-Entry update (10.38 pm)
Closed at breakeven
EUR/CHF (2:48 pm)
Analysis: A decent breakout on the 15 minutes tf and a bullish out look on the daily tf encouraged a buy
WEDNESDAY 03/07/2024
EUR/CHF update (10.19 am)
Closed manually with + 9pips
GBP/CHF (2:30 pm)
Analysis: A bullish consolidation on the 15 minutes tf and a bullish outlook on the daily tf encouraged a buy
GBP/CHF Update (4.24 PM)
Closed manually with + 13pips
THURSDAY 04/07/2024
Analysis: Price resting on a key support zone and 200 ma was the reason for buying
FRIDAY 05/07/2024
USD/CAD Update (1.15 PM)
I had to manually exit with -12 pips due to the high impact news on CAD and USD scheduled for 1:30 pm
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (01/07/2024) | AUD/USD | BUY | – 19 pips |
CAD/JPY | BUY | – 29 pips | |
CAD/JPY (re-entry) | BUY | Breakeven | |
TUE (02/07/2024) | EUR/CHF | BUY | +9 pips |
WED (03/07/2024) | GBP/CHF | BUY | +13 pips |
THUS (04/07/2024) | USD/CAD | BUY | – 12 pips |
TOTAL | – 38 pips | ||
In Conclusion:
I lost -2.3% to the market last week.
At the beginning of the week, USD PMI news did my CAD/JPY trade dirty, and
Following my trading rules, cut me off from holding on to my USD/CAD trade.
Other than that, I am happy the way I managed my trades all through the week
How did your last trading week go?
NOTE:
Our telegram group: https://t.me/+UujC4KoBe1AN0fnK
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