27th Trading Week (01st – 05th) of July, 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 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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