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 08/07/2024
USD/CAD (3.42am)
Analysis: My reason for buying can be seen on our weekly market analysis
CAD/JPY (2.06pm)
Analysis: A strong bearish outlook on the larger timeframe encouraged a sell
CAD/JPY Update (3.30pm)
Manually closed +13 pips
WEDNESDAY 10/07/2024
GBP/JPY (9.23 am)
Analysis: Break of structure and a bullish bias on the higher time frame prompted this but
GBP/JPY Update(10.27 am)
Manually closed with +18 pips
THURSDAY 11/07/2024
USD/CAD Update (11.50am)
I bought USDCAD on Monday and decided to close it today due to red folder news event (breakeven)
FRIDAY 12/07/2024
AUD/USD (1.06am)
Analysis: My bullish bias and a break of structure on the 15 mins timeframe encouraged a buy
AUD/USD Update (2am)
Manually Closed -12 pips
AUD/USD re-entry (7.11 am)
Analysis: Higher highs formed encouraged another bullish entry
AUD/USD Update (12.04 pm)
Manually Closed +2 pips
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (08/07/2024) | USD/CAD | BUY | Breakeven |
CAD/JPY | SELL | +13 pips | |
WED (10/07/2024) | GBP/JPY | BUY | +18 pips |
FRI (12/07/2024) | AUD/USD | BUY | -12 pips |
AUD/USD (Re-entry) | BUY | +2 pips | |
TOTAL | +21 pips | ||
In Conclusion:
This week could have easily been one of those weeks without a single loss, but I messed it up by taking the AUD/USD trade that had a lot of fishbones on the lower time frame.
Other than that, my execution was flawless and I love the way I traded this week. I was off the charts for the most part, yet I closed the week in profits
I closed the week with +0.7% profits. Looking forward to a better week
How did your week go?
NOTE:
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